Question

What is meant by Sole Proprietorship form of business organisation ?

Answer 1

Explanation:

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.

Answer 2

Answer:

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.