Business Studies, asked by gahlawatsukhbirsingh, 8 months ago

explain the features of sole proprietorship

Answers

Answered by aniruthanrj

Answer:

Features of Sole Proprietorship – 7 Major Features: Ownership, Control, Life of Business, Unlimited Risk, Unlimited Liability and Freedom. A sole proprietor is the unquestioned king of his venture.

Answered by sasikalajanasree

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Features of Sole Proprietorship

Single Ownership. A sole trading concern is owned by one individual.

Personal Organization or Common Identity. A sole tradership concern has no separate legal entity independent of the owner.

Capital.

Unlimited Liability.

One Man Control.

Profits and Losses.

No Special Legislation

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