<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of enterprise that is owned and run by one natural person and in which there is no legal distinction between the owner and the business entity . The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss, etc . </P> <P> The sole trader receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts . Every asset of the business is owned by the proprietor and all debts of the business are the proprietor's . It is a "sole" proprietorship in contrast with partnerships (which have at least two owners). </P>

Who makes the decisions in a sole proprietorship