Question

conclusion of sole proprietorship in detail for project​

Answer 1

Answer:

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The business which is started, invested and managed by a single person is called sole trading concern. It is a one man business. This form of business is one of the oldest form of business organization. ... This individual assumes all risk and failure of enterprises and receives profit from its successful operation."

Answer 2

The conclusion of a sole proprietorship is given in below.

What is a sole proprietorship?

An individual, a business, or a limited liability partnership can all own and manage a sole proprietorship. The company doesn't have any partners. A sole proprietorship does not exist as a distinct legal entity from the business owner, according to the law.

Conclusion:

In conclusion, businesses that are owned and operated by a single individual are referred to as sole trading concerns. The lone proprietor of this business assumes all business risks and responsibilities. One person can benefit from a business's profits as well.

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