Social Sciences, asked by ayanrocky94, 8 hours ago

Give the meaning of sole proprietorship and explain the characteristics?

Answers

Answered by Anonymous

3

Answer:

Definition

Sole proprietorship means business carried on by a single person.

Characteristics of Sole Proprietorship

Sole Proprietorship
Free from Legal Formalities
Unlimited Liability
Sole Management
Secrecy
Freedom regarding Selection of Business
Proprietor and Proprietorship are One

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