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Storyboard Text

  • And you're the only owner so you have a sole proprietorship.
  • I'm excited to start my new business called J.R. Classic Vehicle Shop.
  • It's also easy and inexpensive to make!
  • Nearly 76 percent of all businesses in the U.S. are sole proprietorships.
  • And you have complete authority over all business activities.
  • I receive all the profit and I'm liable for the debts of this new business.
  • And all the debts of the business.
  • The biggest disadvantage of being the only owner is the financial part.
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