Question

Explain any five characteristics of sole proprietorship ?​

Answer 1

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five characteristics of sole proprietorship are :-

★ It's Single ownership: A sole proprietorship is wholly owned by one individual. ...

★ it's One-man control: The proprietor alone takes all the decisions pertaining to the business

★it's No legal entity

★ it's Unlimited liability: ...

★ it's No profit-sharing: ...

Answer 2

Answer:

A sole trading concern is owned by one individual. It is run entirely at his risk of loss. The sole trader provides both capital and management to the business... A sole tradership concern has no separate legal entity independent of the owner.

Explanation:

I hope you understand now ..