Sole Proprietorships 🔧

🎯 Learning Targets

• Describe the advantages of establishing a sole proprietorship
• Describe the disadvantages of establishing a sole proprietorship

⏰ What We Did

• Watched and took instructional notes on Lesson 2, Part 1: Sole Proprietorships
• Used the instructional notes from Lesson 2, Part 1 to answer the following questions in complete sentences:

1. Define sole proprietorship, zoning law, liability, collateral, and longevity.
2. Why might someone organize their business as a sole proprietorship?
3. What are the main government restrictions on sole proprietorships?
4. What challenges does a sole proprietor face?

⚙️ Resources

• Lesson 2 Instructional Notes
• Lesson 2, Part 1: Sole Proprietorships

💻 Homework

• Watch and take notes on Lesson 2, Part 2: Partnerships, before class tomorrow