Question

what is sole proprietorship??

Answer 1

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of enterprise that is owned and run by one natural person and in which there is no legal distinction between the owner and the business entity. The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss, etc.

Answer 2

HEY FRND ✋✌☺
what is sole proprietorship??
ANSWER- BUSINESS OWNED AND OPERATED BY ONE PERSON WHO IS RESPONSIBLE FOR ALL ITS DEPTS
OR
A TYPE OF BUSINESS UNIT WHERE ONE PERSON IS Solely RESPONSIBLE FOR PROVIDING THE CAPITAL AND BEARING THE RISK OF THE ENTERPRISE AND FOR THE MANAGEMENT OF THE BUSSNESS.
ADVANTAGES^_^ OF SOLE PROPRIETORSHIP-
1) SIMPLE TO START UP
2) LOW START UP COST
3)TAX BENEFITS
4) FREEDOM
DISADVANTAGE :-( SOLE PROPRIETORSHIP-
1) RELIANCE ON ONE INDIVIDUAL FOR SKILLS AND RESOURCES.
2) DIFFICULT TO RAISE MONEY.
_____________☺✋✌