A sole proprietorship enterprise refers to a business entity invested by a natural person, and its property belongs to the investor, who shall bear unlimited liability for the debts of the enterprise with his personal property.
Partnership enterprise: refers to a profit-making organization in which all partners enter into a partnership agreement, * * * jointly contribute capital, * * * jointly operate, * * * enjoy profits, * * * bear risks, and bear unlimited joint and several liabilities for corporate debts.
Individual industrial and commercial households: refers to natural persons or families engaged in industrial and commercial operations within the scope permitted by law and approved and registered according to law.