Business Studies, asked by satakshitomar02, 7 months ago

merits of sole proprietorship ​

Answers

Answered by Anonymous
5

Answer:

It is easier for a sole trader to maintain closeness with his customers and employees. This is because employees and customers are few in number, hence, he is able to know them individually consequently attending to their problems.

Answered by sonalinalaker
0

Advantages of Proprietorship

  • Easy to Establish. ...
  • Easier to Operate. ...
  • Sole Beneficiary of Profits. ...
  • Compliance & Taxation. ...
  • Privacy. ...
  • Unlimited Liability. ...
  • Difficulty in Obtaining Funds. ...
  • Higher Tax Incidence.

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