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.
Features:
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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