The simplest form of business is called an individual or sole proprietorship.

业最简单的形式是个人业或独资业。

So, proprietorships do not have the same protections as corporations and LLCs.

因此，独资业没有与公司和有限责任公司相同的保护。

The small business operated as a proprietorship, owned by a single individual.

这家小业以独资业的形式经营，由一个人拥有。

Later, while working on the financial records of a local proprietorship, Henry came across an aircraft company that had filed for bankruptcy.

后，在处理当地一家独资业的财务记录时，亨利遇到了一家申请破产的飞机公司。

Instead, pass-throughs are any of several business, partnerships, limited liability or sole proprietorships, where the business is not taxed on its own, no corporate tax.

相反，传递是任何几个业、合伙业、有限责任业或独资业，这些业不单独征税，也没有公司税。

At some point, all of those companies were sole proprietorships with one employee or a few employees that were building a technology that was not yet proven.

在某个时候，所有这些公司都是独资业， 只有一名或几名员工正在开发一项尚未得到证实的技术。

This means the proprietor receives all the profits, but must also pay all the debts of the business.Also, any legal action against an individual proprietorship is taken against the owner.

所有者独占所有的盈利，但也需独力支付所有的债务以及承担对独资业提出的任何法律诉讼。

If you like. you can have 70% or 80%, or if you use advanced technology and equipment, and market all or most of your products outside China, you may even establish an enterprise exclusively with your capital.

如果你乐意，你可以出资70%或80%；或者，你采用先进技术和设备，且把所有产品或大部分产品销往中国之外，你可以办独资业。