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    The document discusses sole proprietorships, which are businesses owned and operated by a single individual. A sole proprietorship has no legal distinction between the owner and business entity. It provides advantages like easy formation and control by one person, but disadvantages include unlimited liability and difficult access to capital. In conclusion, sole proprietorships are businesses where one person assumes all risks and responsibilities to benefit from any profits alone.

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    The document discusses sole proprietorships, which are businesses owned and operated by a single individual. A sole proprietorship has no legal distinction between the owner and business entity. It provides advantages like easy formation and control by one person, but disadvantages include unlimited liability and difficult access to capital. In conclusion, sole proprietorships are businesses where one person assumes all risks and responsibilities to benefit from any profits alone.

    Copyright:

    © All Rights Reserved
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    7 views7 pages

    Commerce

    Uploaded by

    Annu P
    The document discusses sole proprietorships, which are businesses owned and operated by a single individual. A sole proprietorship has no legal distinction between the owner and business entity. It provides advantages like easy formation and control by one person, but disadvantages include unlimited liability and difficult access to capital. In conclusion, sole proprietorships are businesses where one person assumes all risks and responsibilities to benefit from any profits alone.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 7

    PRINCE INSTITUTE OF

    INNOVATIVE TECHNOLOGY
    BACHELOR OF
    EDUCATION
    NAME : VERSHA CHAUHAN
    ROLL NO :
    SUBJECT : COMMERCE
    TOPIC : SOLE PROPRIETOR
    MEANING OF SOLE PROPRIETORSHIP

    A sole proprietorship, also known as a sole


    trader ship, individual entrepreneurship or
    proprietorship, is a type of enterprise owned
    and run by one person and in which there is
    no legal distinction between the owner and
    the business entity
    ADVANTAGES AND DISADVANTAGES OF A SOLE
    PROPRIETORSHIP
    FEATURES OF SOLE
    PROPRIETORSHIP
    CONCLUSION
    In conclusion, businesses that are owned and operated by
    a single individual are referred to as sole trading concerns.
    The lone proprietor of this business assumes all business
    risks and responsibilities. One person can benefit from a
    business's profits as well

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