Question

write any two menits of sole proprietetors from of besines oganisition

Answer 1

Heya user ✨✨


Merits of Sole Proprietor ⬇️⬇️

⏺️ Quick Decision ➡️A sole trader run the entire trade single handedly and he does not need to consult anybody .Hence,he benefit his business by taking quick decision .


⏺️ Benefit of Secrecy ➡️ Many important fact need to be considered for the success of business .If a sole trader is thinking of expanding the size of his business ,this thought will remain confide to him till he give its a practical shape and the competitors will not come to know about it .


✨ Hope this helps you ✨

Answer 2

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1.Full ownership and managment control:The sole owner of a sole proprietorship possesses all of the authority to make decisions on behalf of the company. Full ownership and management control is another advantage of owning a sole proprietorship.

2.Taxation:Another advantage of forming a sole proprietorship is the taxation rules established by the Internal Revenue Service. Sole proprietors are not required to file separate tax returns for their business. Income made from the business is counted as personal income and owners pay taxes according to their individual tax rates

$\mathbb\blue{Hope\:This\:Helps}$