These extra details allow for our Lawyers to achieve a deeper knowledge of the details within your scenario A sole proprietor Individually owns a business and all its property. There is absolutely no different business entity concerned, so the sole proprietor is Individually responsible for all business debts and lawsuits. https://www.aun.edu.eg/fci/sites/default/files/research_project/Georgia-Llc-Formation%20-Navigating-The-Process.pdf