Art, asked by mursalinkhan14, 11 months ago

what is sole trading concern?

Answers

Answered by viratkohli010104

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. A sole trader does not necessarily work 'alone'—it is possible for the sole trader to employ other people.

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Answered by queensp73

Hello !

A sole trading concern is a form of business organization in which an individual contributes capital, manages business, enjoys all the profits and bears all the losses, risks and responsibilities of a business.

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