Business Studies, asked by Anonymous, 6 months ago

what is sole proprietorship??????​

Answers

Answered by Anonymous
1

Answer:

The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.

Answered by Anonymous
2

Explanation:

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

Hope it helps you siso ✓

Similar questions