Question

Sole trading business can be started by:
a) At least two persons
b) At least seven persons
c) Any one person

Answer 1

c) Any one person.

A sole trading business is a kind of business where there is only one legal owner of the organisation.

It is the sole proprieter who is supposed to handle all financial matters, from enjoying the profits to looking after the expenses and paying the taxes on time.

The owner of a sole trading business has the right to hire and fire employees at his own will.

He/ she is also responsible for the legal matters of the organization.

A person handling the sole trading business has unlimited liability.

Answer 2

hey mate

here is your answer :-

any one person trading business can be started

ok it help u

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