sole proprietorship is a training school of business Explain
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The answer is stated below:
Explanation:
- Sole proprietorship is one of the least expensive form of business structure to start with. As only individual or a single person could own or start sole proprietorship business.
- The legal requirements comprise of registering the business name and obtain relevant permit or a license which is related to the particular kind of business. It is worthy model for the owners of small business who are not in a intention to have large profits.
- This form of business does not require to be incorporated, it is the easiest as well as simple to form and the person also have the ideal choice to run on small or medium scale.
- So, that is why it is said that this form of business is training school.
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