what are the features of one man business ?
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Answer:
Explanation:
- All work is done by one person
- Company is in the name of one person
- No corporate security
- No double income taxation
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One Man Ownership
- Only one man is the owner of the enterprise
- No Separate Business Entity
- No Separation between Ownership and Management
- Unlimited Liability
- All Profits or Losses to the Proprietor
- Less Formalities
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