Goyal enterprises is an electronic shop in a mall. Two years back he had taken a loan of 30 lakhs 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. He now plans to sell off his shop. In context of the above case: (a) Identify and explain the limitation of sole proprietorship form of business organization being discussed above. (b) Describe briefly any three other limitations of the same form of business
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Goyal enterprises is an electronic shop in a mall. Two years back he had taken a loan of 30 lakhs 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. He now plans to sell off his shop. In context of the above case: (a) Identify and explain the limitation of sole proprietorship form of business organization being discussed above. (b) Describe briefly any three other limitations of the same form of business
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