Business Studies, asked by uttamds5216, 1 year ago

1)Discuss whether the sole proprietorship involves a lengthy and expensive procedure for its formation?
2)Explain whether the liability of a sole proprietor is limited to the extent of of his shares?
3)In which form of organisation is a trade agreement made by one owner binding on the others?Give reasons to support your answers
4)Outline the procedure for registration of partnership
5)Explain the principle of 'one man one vote' with reference to cooperative societies?

Answers

Answered by Arslankincsem
12

1. The sole proprietorship doesn’t involve long procedures as it is owned by a single person.


2. The liabilities of the proprietor are unlimited.


3. Agreement is formed in a partnership type organization where two or more people share liabilities of the organization.


4. An application is drafted and filled under the name of all the partners and submitted to the legal authorities.


5. In this every person hold the same power as the other and can fill in only one vote.


Similar questions