Business Studies, asked by pratvi19, 1 year ago

Which form of organization is considered to the simplest form of organization?​

Answers

Answered by vaishu4837
8

Answer:

Sole proprietorship.

It is the simplest form of business organization.

Hope it helps you...

Answered by brainlysme12
0

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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