It is the least regulated type of the various business structures. For tax and legal purposes the business is the owner. The unlimited liability factor is probably the greatest disadvantage. The liabilities of the business are personal to the owner and the business ceases to exist when the owner dies...
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(Alco, 1995-2007) Huffman Trucking To me Huffman clearly is a sole proprietorship. It has the name of the owner right in it, there are no other legal entities tied in, and I could not find a listing of any other company tied in with it. It also states that it is privately held and only has one number listed as the contact information...
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