Business Studies, asked by anu47, 1 year ago

define sole proprietorship

Answers

Answered by zesta
8
A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business.

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Answered by Anonymous
1
✌️✌️ hey mate,

❄️SOLE PROPRIETORSHIP

➡️The sole proprietorship is the simplest business form under which one can operate a business.

➡️The sole proprietorship is not a legal entity.


➡️It simply refers to a person who owns the business and is personally responsible for its debts.

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