---
urn: urn:us-la:rs:9:2151
citation: "R.S. 9:2151"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title II › Chapter 1 › Part V › Subpart D"
acts_citations:
  - { year: 2020, number: 17, section: 1, effective_date: 2021-01-01, role: enactment }
---

# Sole proprietorship

The receipts and expenses of a sole proprietorship shall be allocated in accordance with what is reasonable and equitable in view of the interests of those entitled to income as well as of those entitled to principal.