Name: Ryzaranae Panes

Grade&Section: 12 IBP Bloomberg

Rainbow Nicquid Vape Shop

TYPE OF BUSINESS ORGANIZATION

Rainbow Nicquid Vape Shop is under sole proprietorship also known as

individual entrepreneurship a type of an unincorporated entity that is
owned by one individual only. It is the simplest legal form of a business
entity.

Rainbow Nicquid Vape Shop is owned by Ryzaranae Panes, located at

lloilo City, Philippines. Knowing that the business is sole
proprietorship, me the owner of the entity is fully liable for any and all
the liabilities incurred by the business. I’ve choose this type of business
organization because the advantage of a sole proprietorship is generally
an easy and inexpensive process. We want to start small and easy and
make our way to what we really aims in the end of the day.