Question

what is sole propeitorship Explain its features ​

Answer 1

Answer:

hope it helps u

Explanation:

A business that legally has no separate existence from its owner. Income and losses are taxed on the individual's personal income tax return. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity

Answer 2

Answer:

business that legally has no separate existence from its owner. Income and losses are taxed on the individual's personal income tax return. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.

Explanation:

Main Features of Sole Proprietorship:-

1- One Man Ownership.

2- No Separate Business Entity.

3- So Separation between Ownership and Management.

5- Unlimited Liability.

6- All Profits or Losses to the Proprietor.

7- Fewer Formalities.