Business Studies, asked by haniprajapati5114, 2 months ago

what is sole proprietorship ? Explain it's merits , demerit , limitations of it .

Answers

Answered by shristirastogi15

1

Answer:

A sole proprietorship can be set up easily and quickly. No legal formalities and expenditure are involved in the establishment of a proprietorship. There is no need to associate others or to enter into any agreement. Only a license may be needed in special cases.

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