CBSE BOARD X, asked by anushree92004, 2 months ago

what are the features of one man business ?​

Answers

Answered by atrey09
1

Answer:

Explanation:

- All work is done by one person

- Company is in the name of one person

- No corporate security

- No double income taxation

Answered by BrainlyPARCHO
1

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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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