Suggestions in sole trading company
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formation:-
it is very easy to start sole trading company ...less legal formalities are followed in case of sole trading concern ...it is also easy to close down the business..
risk bearing:-
the risk of sole trading company is beared by sole trading himself ..
decision making and control:-
is done by the sole trader & he is only responsible to control the business.
continuity:-
the death ,insanity, & insolvence of sole trader results in closing down the sole trading business ..
no separate entity:-
in the eyes of law sole trading company & sole trader are one and the same ..
liability :-
liability of sole trader is unlimited ..means he can use his private property to repay the business loan or debt..
it is very easy to start sole trading company ...less legal formalities are followed in case of sole trading concern ...it is also easy to close down the business..
risk bearing:-
the risk of sole trading company is beared by sole trading himself ..
decision making and control:-
is done by the sole trader & he is only responsible to control the business.
continuity:-
the death ,insanity, & insolvence of sole trader results in closing down the sole trading business ..
no separate entity:-
in the eyes of law sole trading company & sole trader are one and the same ..
liability :-
liability of sole trader is unlimited ..means he can use his private property to repay the business loan or debt..
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