Business Studies, asked by Anonymous, 16 days ago

what is characteristic of sole proprietorship??
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Answers

Answered by Rockstar9086

3

Answer:

Characteristics of Sole Proprietorship

Business Ownership. ...

No Legal Status of the Business. ...

Unlimited Liability. ...

Taxation Liability. ...

Accounting Status of the Business. ...

Secrecy. ...

Flexibility. ...

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Answered by ItzYrSnowy

3

A sole proprietorship , also known as a sole tradership, individual entrepreneurship or proprietorship, is a type of enterprise owned and run by one person and in which there is no legal distinction between the owner and the business entity.

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