Business Studies, asked by Anonymous, 1 year ago

Explain sole proprietorship.


Tarandeepsinghtaran: A business man or woman started business on his own without any help of partners is known as sole proprietorship.

Answers

Answered by Anonymous
14
it refers to that form of business organisation which is found by single individual who is solely responsible for its management and received all the profit and losses.

feature of sole proprietorship.
1.individual ownership
2.soul management
3.unlimited liability
4.freedom in selection of business
5.secretary
6.no separate legal entity of the business
7.undivided risk
8.suitable for some special form of business

I hope you understand dear

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Answered by Anonymous
0

Answer:

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

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