The sole proprietor is an individual business that uses his or her own resources to set up the business. The proprietor limits the size of operations to the extent of his or her financial limits. Funds come from personal wealth in terms of cash, and fixed assets, like land, building and jewelry, against which the proprietor gets additional loans from banks. Naturally, the sole proprietor has small-to-medium-sized properties to be able to personally manage.The sole proprietor is the main architect and promoter of the business, based on his or her knowledge and skill. Upon the sole proprietor’s death, the business ceases to exist unless there is a family heir competent enough to take over