What is meant by Sole Proprietorship form of business organisation ?
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sole proprietorship is a type of business organisation in which there is only one owner/proprietor who has unlimited liability and does not need to share his/her profit or loss with others.
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A sole proprietorship (also known as individual entrepreneurship, sole trader, or simply proprietorship) is a type of an unincorporated entity that is owned by one individual only. It is the simplest legal form of a business entity. Note that, unlike the partnerships or corporations.
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