History, asked by shubhamyadav1236huma, 2 months ago

Explain the advantages and limitation of Sole Proprietorship.

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Answered by lakshmanmaiti20
12

Answer:

Sole proprietorships have several advantages over other business entities. They are easy to form, and the owners enjoy sole control of the business profits. However, they also have disadvantages, the biggest of which being that the owner is personally liable for all business losses and liabilities.

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Answered by safamaa921
16

Answer:

Sole proprietorships have several advantages over other business entities. They are easy to form, and the owners enjoy sole control of the business profits. However, they also have disadvantages, the biggest of which being that the owner is personally liable for all business losses and liabilities.

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