you are running a business as sole proprietor. how do you consider this as the best from of business organisation? give any two reasons. in 40-60 words
Answers
Answered by
0
Sole proprietorship firm is owned managed and controlled by one person only (sole proprietor) .Thats why there are certain benefits of operating this type of business.
Features of sole proprietorship firm-
Full control- owner has full control to operate firm.
Limited capital- Limited (say lakhs )capital required to start a business.
Total share in profit-The sole proprietor take all the profit incurred by firm.
Features of sole proprietorship firm-
Full control- owner has full control to operate firm.
Limited capital- Limited (say lakhs )capital required to start a business.
Total share in profit-The sole proprietor take all the profit incurred by firm.
Similar questions