Write any two merits of Sole Proprietorship form of Business Organisation
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Get all profit of the business
No need of registration sometimes
take all the decisions alone
No need of registration sometimes
take all the decisions alone
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Sole proprietorship is a type of business owned and controlled by one person. The owner is the sole decision maker in the business and there is no outside control when it comes to making of any decision. The owner suffers the risk alone and enjoys the profit alone therefore there is no third party to be blamed. All the activities of the business is controlled by one person hence high level of integrity.
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