Question

sole proprietorship merits and demerits​

Answer 1

Answer:

Advantages and Disadvantages of Sole Proprietorship – With Conclusion

• Ease of Formation and Closure: ADVERTISEMENTS: ...
• Simplicity of Operation and Flexible Management: ...
• Sole Beneficiary of Profits: ...
• Benefits of Small-Scale Operations: ...
• Prompt Decisions: ...
• Retaining Secrecy: ...
• Social Desirability: ...
• Tax Advantage:

Answer 2

Advantages of Proprietorship

• Easy to Establish. ...
• Easier to Operate. ...
• Sole Beneficiary of Profits. ...
• Compliance & Taxation. ...
• Privacy. ...
• Unlimited Liability. ...
• Difficulty in Obtaining Funds. ...
• Higher Tax Incidence.

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