Question

Sole proprietorship business is easy to form and wind up. Can a sole proprietorship form

of business organisation exist forever?
please answer​

Answer 1

Sole Proprietorship

Sole Proprietorship in simple words is a one-man business organisation. Furthermore, a sole proprietor is a natural person(not a legal person/entity) who fully owns and manages this type of entity. In fact, the business and the man are the same, it does not have a separate legal entity.

In addition, a sole proprietorship usually does not have to be incorporated or registered. Thus, it is the simplest form of business structure and the ideal choice to run a small business or medium scale business. Let us look at some important features of a proprietorship.

Answer 2

Answer:

sole proprietor ship is also known as single owner. In this a single owner starts the business and handled by self. a single owner should enjoy the profit or bare the losses. This also known as single entrepreneur ship.