← Glossary
Sole proprietorship
A sole proprietorship is a Singapore business owned by one person, registered with ACRA but without a separate legal identity, so the owner is personally liable for its debts.
Sole proprietorships and partnerships are registered with ACRA as businesses under the Business Names Registration Act. Their UENs are eight digits followed by a check letter, such as 53123456K.
Why it matters in sales: in a sole proprietorship the owner is almost always the decision-maker, and often the only person you need to reach. These businesses are rarely on global B2B databases, because many have little online presence.
Source: ACRA
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