profits do not have to be shared in case of :
a) partnership
b) cooperative society
c) sole proprietorship
d) company
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Answer:
answer is b...................
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Profits do not have to be shared in a sole proprietorship form of business. This is because, in a sole proprietorship, the business is owned, managed and controlled by a single individual known as the sole proprietor. Thus, being the sole owner of the business, he or she becomes the single recipient of all the profits of the business.
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