There are various kinds of ownership arrangements used in business. The sole proprietorship is one of the most prevalent forms. A sole proprietorship is a company that has just one owner and runs as the name implies. In this kind of ownership structure, the owner is in charge of all corporate operations, including financial management.
Small enterprises and start-ups frequently choose to operate as sole proprietorships. They require little paperwork and are simple to start up. The owner also has total authority over the company and has the freedom to act without waiting for input from others. However, this form of ownership structure has significant drawbacks as well. Due to the owner’s personal liability for any corporate debts and legal troubles, their personal assets may be at stake.
Anyone running a business in Washington, D.C. must acquire a Basic Business License (BBL). All sole proprietors fall under this. The Department of Consumer and Regulatory Affairs (DCRA) issues the BBL, which is necessary for any company that conducts business in the city and sells goods or services. Every two years, the license must be renewed.
The Secretary of State is in charge of the Department of State. Antony Blinken is serving as secretary of state as of 2021. President Joe Biden nominated Blinken, who was later confirmed by the Senate in January 2021.
Sole proprietorships are businesses that are run and owned by a single person. It has benefits like simple setup and total control, but it also has drawbacks like personal liability. A Basic Business License is required for all business owners in Washington, D.C., including sole proprietors. This subject is unrelated to Axel Asher. The Secretary of State, who is now Antony Blinken, is in charge of the Department of State.
The query has nothing to do with the article’s heading. To manage the nation’s military affairs, the Secretary of War position was established in the United States in 1789. The Secretary of the Army job was created in 1947 and joined the Department of Defense. However, the Secretary of Defense job was created in 1949 to take its place.