Question

one of your best friend is interested in starting sole proprietorship business but he is worried about its limitations advice him about suitability of sole proprietorship.
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Answer 1

Explanation:

When you are starting sole proprietorship , You need to check if you have this things :-

• Aadhar Card.
• PAN Card.
• Bank Account.
• Registered office proof.

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There are many worries about limitations like :-

• Owners are fully liable. If business debts become overwhelming, the individual owner's finances will be impacted.
• Self-employment taxes apply to sole proprietorships.
• Business continuity ends with the death or departure of the owner.
• Raising capital is difficult.

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In sole proprietorship there is loss and profit per seeing

There are also advantages of it like :-

• Benefits of Small-Scale Operations
• Benefits of Small-Scale OperationsPrompt Decisions
• Benefits of Small-Scale OperationsPrompt DecisionsRetaining Secrecy
• Benefits of Small-Scale OperationsPrompt DecisionsRetaining SecrecySocial Desirability
• Benefits of Small-Scale OperationsPrompt DecisionsRetaining SecrecySocial DesirabilityTax Advantage

Answer 2

Explanation:

idk sorry for spam

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