Question

Some merits and demerits of sole proprietorship

Answer 1

advantage
1 you are the boss
2 you keep all the profit
3 start up cost are low
4 you can easily wind your business
disadvantage
1 It can be hard to take holidays
2 you are taxed as a single person
3 the life of the business is limited

Answer 2

the most common and simplest form of business is sole proprietship.
here are merits and demerits of it...
personal liability of owner: proprietor has unlimited personal liability for the obligations of the business.
tax treatment: business entity is not taxed..
capital contribution: sole proprietor contributes whatever capital needed.
hope it helps