Features of sole trading concern
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Advantages of Sole Trading Concern. Easy to commence and dissolve: Asole trading concern is owned, managed, controlled and invested by a single person so that it can easily establish and close it down whenever he/she wishes. There are limited and simple legal formalities to start and close the business.
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hEyA here u go........
A sole proprietorship, additionally called sole trader or without a doubt a proprietorship, is a form of organisation that is owned and run via one natural person and in which there may be no felony distinction among the owner and the commercial enterprise entity.
Features Of Sole Trading Concern are-
Individual management and control
In sole trading concern, the owner himself organizes, manages and controls the commercial enterprise consistent with his willingness. all the management associated with enterprise and all controlling jobs are done by way of only one proprietor.
individual ownership:
A sole proprietorship is completely owned by using one individual. The person substances the whole capital from which his personal wealth or from borrowed price range.
Unlimited liability
owner is responsible for all of the money owed of the business. In case the property are insufficient to fulfill the debts, the personal property of the proprietor may be attached.
Earnings and losses
in this company if the business flourishes or it receives income, the proprietor himself receives the entire earnings and if he does no longer do properly, be bears the whole loss.
No legal entity:
A sole proprietorship has no prison entity become independent from its owner. The regulation makes no distinction between the proprietor and the commercial enterprise. The property and liabilities of the business and its owner aren't distinct.
Undivided risk
in this firm, the proprietor bears all the dangers related with commercial enterprise due to the fact he's the simple proprietor, manager and controller.
Small length
the size of operation carried out by using sole proprietor is typically small.
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A sole proprietorship, additionally called sole trader or without a doubt a proprietorship, is a form of organisation that is owned and run via one natural person and in which there may be no felony distinction among the owner and the commercial enterprise entity.
Features Of Sole Trading Concern are-
Individual management and control
In sole trading concern, the owner himself organizes, manages and controls the commercial enterprise consistent with his willingness. all the management associated with enterprise and all controlling jobs are done by way of only one proprietor.
individual ownership:
A sole proprietorship is completely owned by using one individual. The person substances the whole capital from which his personal wealth or from borrowed price range.
Unlimited liability
owner is responsible for all of the money owed of the business. In case the property are insufficient to fulfill the debts, the personal property of the proprietor may be attached.
Earnings and losses
in this company if the business flourishes or it receives income, the proprietor himself receives the entire earnings and if he does no longer do properly, be bears the whole loss.
No legal entity:
A sole proprietorship has no prison entity become independent from its owner. The regulation makes no distinction between the proprietor and the commercial enterprise. The property and liabilities of the business and its owner aren't distinct.
Undivided risk
in this firm, the proprietor bears all the dangers related with commercial enterprise due to the fact he's the simple proprietor, manager and controller.
Small length
the size of operation carried out by using sole proprietor is typically small.
hope it helps you
plz mark as brainliest
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