KnowraSole proprietorshipLinked fromLinked fromThe 6 pages that link to Sole proprietorship, each with the reason it gives.All 6Related 1Compared with 5CorporationCompared with: Unlike a corporation, its owner and business are generally the same legal person.Limited liabilityCompared with: Its owner commonly bears business debts personally, unlike a shareholder in a corporation.PartnershipCompared with: Unlike a partnership, it has one owner rather than multiple co-owners.Small businessRelated: Many small businesses use this simple structure, though the owner and business are legally inseparable.Limited liability companyCompared with: An LLC can separate owners from business liabilities in ways a sole proprietorship generally does not.Public limited companyCompared with: Unlike a public limited company, it has no separate shareholding body.