Business Studies, asked by nishmitha59, 9 months ago

Give the meaning of Sole Proprietorship.

Answers

Answered by sumitkumarf46

4

Definition: A business that legally has no separate existence from its owner. ... The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.

Answered by herinsr222

3

The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.

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