Question

explain why proprietorship best form of business ​

Answer 1

Answer:

In fact, the business and the man are the same, it does not have a separate legal entity. In addition, a sole proprietorship usually does not have to be incorporated or registered. Thus, it is the simplest form of business structure and the ideal choice to run a small business or medium scale business.

Answer 2

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⏩ Sole proprietorship is the most basic form of business with flexibility to run. Easy to form, direct control over operations and less compliance requirements are the reasons to choose this form compared to other.

• Also, the business owner in a sole proprietorship business is usually self-employed rather than the company’s employee.
• Sole proprietorship business practices are popular in many professions, including direct marketing consultants...etc

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