Question

Features of sole proprietorship​

Answer 1

Explanation:

Single ownership: A sole proprietorship is wholly owned by one individual. ...

One-man control: The proprietor alone takes all the decisions pertaining to the business. ...

No legal entity: ...

Unlimited liability: ...

No profit-sharing: ...

Small size: ...

No legal formalities:

Answer 2

• One Man Ownership: In proprietorship, only one man is the owner of the enterprise.
• No Separate Business Entity: ADVERTISEMENT:
• No Separation between Ownership and Management:
• Unlimited Liability:
• All Profits or Losses to the Proprietor:
• Less Formalities: