Question

‘Sole proprietorship form of business is the best form of business’. Do you agree with this statement? Justify your answer.

Answer 1

Answer:

sole proprietorship is one of the least expensive business structures to begin. Because only one person owns a sole proprietorship business, the legal requirements involve simply registering a business name and obtaining any relevant licenses or permits that relate to the specific type of business. A proprietorship is a worthy model for small business owners who do not intend initially to derive large profits.