Business Studies, asked by 0llrahulkumarll0, 1 month ago

what is sole proprietorship

explain its •Features
•merits and
•limitations
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Answers

Answered by ItzAshleshaMane
38

Answer:

Single Ownership: It is wholly owned by one individual. Control: Sole proprietor has full power of decision making. No Separate legal entity: Business and businessman are not separate entities in the eyes of law. Unlimited liability: The liability of owner is unlimited.

Explanation:

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