Merits and limitations of sole proprietorship
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Merits :
1) One Man Control
2) Unlimited liability
3) Individual Risk Bearing
limitations:
1) Easy to Form
2) Contingent
Answered by
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Answer: merits quick decision, benefits of secrecy,personal control ,easy formation ,direct control
Limitations. Unstable source of capital, unlimited liability,unstable existence
Explanation:
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