Question

What is soulproprietorship

Answer 1

There are different types of business. In this article, we will discuss theMeaning and Features of Sole Proprietorship. A business that is owned, managed and controlled by a single individual is a sole proprietorship business. The word ‘sole’ means ‘only’ and ‘proprietor’ means ‘owner’. Thus, sole proprietorship business is the business which is owned, managed and controlled by a single individual. This individual is known as‘Sole Proprietor’.Meaning and Features of Sole Proprietorship

Answer 2

Sole proprietorship is a form of business which is formed, managed and Carried on by a single person.

There is only a single owner for such type of businesses known as Sole  proprietor.