Question

What are the features of a sole trading concern?

Answer 1

Single ownership
Individual capital contribution
Individual management and control
Unlimited liability
sole bearer of Profits and losses
No separate entity
Undivided risk

Answer 2

It is the oldest form of organisation. its key features are :-
Sole Proprietorship
Complete Independence
less interference of government
no profit division
flexibility
business secrecy is maintained
unified legal status