Basic Features of Sole Proprietorship

Sunday, January 15, 2017

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business.

1.     One man business
2.     Profits not shared
3.     Losses not shared
4.     Division of labour is impossible
5.     Very less capital
6.     Decisions are quick but hasty
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