Question

Q.Choose an imaginary Sole-proprietor form of business organisation of your
choice.Write what merits and demerits you would face in carrying out its activities​

Answer 1

Answer:

A sole proprietorship is often a good choice for a one-person start-up operation with no employees and little risk of liability exposure. For many sole proprietors, however, this is a temporary choice, and as the business grows, the owner may be unable to operate with limited financial and managerial resources. At this point, the owner may decide to take in one or more partners to ensure that the business continues to flourish. Let’s dig in a bit more into the advantages and disadvantages of sole proprietorship.