A sole proprietorship refers to an operating entity established in China in accordance with the Sole Proprietorship Law, invested by a natural person, the property being owned by the investor, and the investor taking unlimited personal liability for corporate debt with his personal property. Based on the above definitions, the following understanding of a sole proprietorship is correct:. ['After the dissolution of the sole proprietorship, the liability to the creditor is relieved.', 'For the profits of a sole proprietorship, investors are required to pay corporate income tax.', 'The property of the sole proprietorship is owned by the investor, and the investor has control and control over corporate affairs.', 'A one-person limited liability company may invest in the establishment of a sole proprietorship.']