Question

explain any six characteristics of sole proprietorship.​

Answer 1

Answer:

Six characteristics of sole proprietorship are:-

Unlimited Liability. ...

Limited Work Area. ...

Sole Right on Capital. ...

Sole Management. ...

No Legal Formalities. ...

Free to Select his Business..

Answer 2

Answer:

Characteristics of Sole Trader-ship (Proprietorship)

. Sole Ownership. A single person is an owner of this type of business. ...

.Unlimited Liability. ...

.Limited Work Area. ...

.Sole Right on Capital. ...

.Sole Management. ...

.No Legal Formalities. ...

.Free to Select his Business. ...

.Willful Commencement and Closure.