Question

Conclusion of sole proprietorship

Answer 1

which constitutes the soul properties

Answer 2

Answer:

In Sole proprietorship form of business, the owner is only the bearer of all risks, losses and also only recipient of profit.

Explanation:

In this type of business, single person controls and manages the business and so the owner and business are same entity... which means profit & loss is beared by him only. There are merits and also demerits in sole proprietorship.