The other, most common, type of Sole Proprietorship is any one-person owned unregistered business, with revenues of more than R$ 60,000 but no more than of R$ 3.6 million. sole proprietorships typically leave the owner unprotected, and personally responsible for all the debts and insolvencies of the business. Limited Liability Corporation - llc, or Sociedade Limitada - LTDA is the least expensive, simplest and therefore most common and popular of 'share issuing' businesses. Like in the Sole Proprietorship, one person is normally the initial owner, controlling 100% of the stock or shares.
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