Question

what are the features of one man business ?​

Answer 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

Answer 2

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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