What is a 'Sole Proprietorship'
A sole proprietorship, also known as a sole trader or a proprietorship, is an unincorporated business with a single owner who pays personal income tax on profits earned from the business. With little government regulation, a sole proprietorship is the simplest business to set up or take apart, making sole proprietorships popular among individual self-contractors, consultants or small business owners. Many sole proprietors do business under their own names because creating a separate business or trade name isn't necessary. Source:http://www.investopedia.com/terms/s/soleproprietorship.aspSelf-ownership (or sovereignty of the individual, individual sovereignty or individual autonomy) is the concept of property in one's own person, expressed as the moral or natural right of a person to have bodily integrity, and be the exclusive controller of her or his own body and life. Source:https://en.wikipedia.org/wiki/Self-ownership
A. Libertarian Statement of Principles
We, the members of the Ontario Libertarian Party, support the following principles:
- Each individual has the right to his or her own life, and this right is the source of all other rights.
- Property rights are essential to the maintenance of those rights.
- In order that these rights be respected, it is essential that no individual or group initiate the use of force or fraud against any other.
- In order to bar the use of force or fraud from social relationships and to place the use of retaliatory force under objective control, human society requires an institution charged with the task of protecting individual rights under an objective code of rules. This is the basic task, and the only moral justification for, government.
- The only proper functions of government, whose powers must be constitutionally limited are:
- settling, according to objective laws, disputes among individuals, where private, voluntary arbitration has failed;
- providing protection from criminals;
- providing protection from foreign invaders.
- As a consequence of all the above, every individual -- as long as he or she respects the rights of others -- has the right to live as he or she alone sees fit, as a free trader on a free market.
I am a self-owner operator of myself.