Sociology, asked by revallidilipkumar, 3 months ago

Define Sole proprietorship. Write the advantages and disadvantages of Sole proprietorship.
(10 marks question)​

Answers

Answered by paavanijayaram93
4

Answer:

A sole proprietor is subject to unlimited liability, which means there is no limit on the debts for which the owner is liable. If a sole proprietorship is sued, the sole proprietor is personally liable for any judgment against that firm.

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