What is the conclusion of sole trader
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The business which is started, invested and managed by a single person is called sole trading concern. It is a one man business. This form of business is one of the oldest form of business organization. The person who starts run sole trading is called sole trader or sole proprietor.
According to Petersen and Plowman, "a sole proprietorship is a business unit whose ownerships and management are vested in one person. This individual assumes all risk and failure of enterprises and receives profit from its successful operation."
According to Petersen and Plowman, "a sole proprietorship is a business unit whose ownerships and management are vested in one person. This individual assumes all risk and failure of enterprises and receives profit from its successful operation."
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