SINGLE OWNERSHIP

Concept

-Ownership When Applied To An Industrial Enterprise Means Title To And Possession Of The Assets Of
The Enterprise, The Power To Determine The Policies Of Operation, And The Right To Receive And
Dispose Of The Proceeds.

-It Is Called A Single Ownership When An Individual Exercises And Enjoys These Rights In His Own
Interest.

-A Business Owned By One Man Is Called Single Ownership.

-Single Ownership Does Well For Those Enterprises Which Require Little Capital And Lend Themselves
Readily To Control By One Person.

-Examples Of Enterprises Run By Single Owner Are Printing Press, Auto Repair Shop, Wood Working
Plant, A Small Fabrication Shop, Etc ., I.E. Retail Trades, Service Industries And Small Engineering Firms.

-In Single Ownership, One Person Contributes The Original Assets To Start The Business, Maintains And
Controls Business Operations, Reaps Full Benefit In Terms Of Profit And Is Fully Liable For All Debts
Associated With The Business.