State three characteristics of sole proprietorship?
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State three characteristics of sole proprietorship?
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Answer:
Sole Ownership. A single person is an owner of this type of business. ...
Unlimited Liability. ...
Limited Work Area. ...
Sole Right on Capital. ...
Sole Management. ...
No Legal Formalities. ...
Free to Select his Business. ...
Willful Commencement and Closure.
Answer:
Characteristics of Sole Trader-ship (Proprietorship)
•Sole Ownership. A single person is an owner of this type of business. ...
•Unlimited Liability. ...
•Limited Work Area. ...
•Sole Right on Capital. ...
•Sole Management. ...
•No Legal Formalities. ...
•Free to Select his Business. ...
•Willful Commencement and Closure.
Explanation:
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