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

企业最简单的形式是个人企业或独资企业。

The simplest form of business is called an individual proprietorship.

最简单的企业形式称为个人独资企业。

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企业提出的任何法律诉讼。