Can there be a director in a sole proprietorship 2024?
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Works at the International Labour Organization, Lives in Geneva, Switzerland.
A sole proprietorship doesn't have a board of directors -- nor does it need one. A board of directors is responsible for protecting shareholders' investment in a company. But a sole proprietor doesn't have any shareholders to protect; it has a single owner, who has complete authority over all aspects of the business.
2023-05-08 04:12:22
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Emily Stewart
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A sole proprietorship doesn't have a board of directors -- nor does it need one. A board of directors is responsible for protecting shareholders' investment in a company. But a sole proprietor doesn't have any shareholders to protect; it has a single owner, who has complete authority over all aspects of the business.