Which form of organization is considered to the simplest form of organization?
Answers
Answer:
Sole proprietorship.
It is the simplest form of business organization.
Hope it helps you...
Sole Proprietorship
This company is controlled by a single person for personal gain. It is the most straightforward type of corporate structure. Ownership is the only thing that a proprietorship has. The business ends at the owner's passing, and any liabilities related to the enterprise are the owner's personal obligations. The owner assumes the business risks to the degree of his or her assets, whether they are personal or used for the firm.
Professionals, service providers, and shopkeepers who are "in business for themselves" are examples of single proprietors. A sole proprietorship is a separate entity for accounting reasons even though it is not legally distinct from its owner. The business's financial activities, such as the receiving of fees, are kept separate from personal financial activities.
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