Gagan runs a garment shop in a mall. Two years back he has taken a loan of Rs. 20 lakh from HDFC bank for the renovation of his shop. However due to his poor health for the past one year his earnings have reduced considerably as he is not able to devote sufficient time to the business. Now he plans to sell off his shop. a. Identify the limitation of sole proprietorship firm being discussed above. b. Explain any 4 other limitations of the same form of business organization.
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Answer:
HDFC BANK .........
Explanation:
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