Question

what is sole trading concern
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Answer 1

Answer:

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.

Explanation:

'A sole trader is a person who sets up and owns their own business. They may decide to employ other people but they are the only owner. A sole trader has unlimited liability.' As a sole trader, your business is owned entirely by you, grown by you and ultimately succeeds or fails by you.

Answer 2

Sole trader is the person who sets up and owns their business. They may decide to employ some other people but they are the only owner. A sole trader has unlimited liability. As a sole trader your business is owned entirely by you, grown by you and ultimately succeeds or fails by you.

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