Question

The sole proprietor concern sinks with the proprietor.justify

Answer 1

Answer:

Yes sole proprietor concern sinks with the proprietor know why?

Explanation:

Business world is very vast and many people want to become entrepreneur but based own their sole proprietorship. It mean one person want to own the whole business. It happens most of the cases but after that person the sole business sinks because their is no other owner in the business and employees have no courage or experience or even legislation to own such business. One man show could be fine for short term but in long term business success there should be multiple proprietorship.

Answer 2

The sole proprietor concern sinks with the proprietor

Explanation:

• A sole proprietor is known as a sole trader who is a business entity which is run and operated by a single person. The business has no legal distinction. The individual who runs the business has full responsibility for assets and liabilities.  

• He is responsible for the debts and profits made. It most common type of business system. It has an easy tax filing mechanism, a lower cost of a startup, and easy money handling. Thus the sole proprietor's concerns are with the proprietor himself.

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• brainly.in/question/9546807 answered by Anam166.