MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Life Insurance

How many indi...

Question

How many individuals are required to start a sole proprietorship business?

Open in App

Solution

Sole proprietorship business means there is only one owner of the business. Therefore, it requires only one person to start the business.

Also read:

Sole Proprietorship

MCQs on Sole Proprietorship

Difference Between Sole Proprietorship and Partnership

Learn about more questions and answers on business studies and various other commerce topics from our website.

Suggest Corrections

thumbs-up

0

Similar questions

Q. What are the different options to expand sole proprietorship business?

Q. Fill in the blanks:
(a) Sole proprietorship is the _______ from of business enterprises, (latest / oldest)
(b) Sole proprietorship is most suitable form for _______ business, (small / large)
(c) Liability of a sole proprietor is ________ (limited / unlimited)
(d) Sole proprietorship _______ a separate legal entity, (has / does not have)
(e) It is ______ to set up a sole proprietorship firm,(easy / difficult)

Q. Sole Proprietorship business is suitable for _________.

Q. Statement A: Easy to form is advantage of sole proprietorship form of business.
Statement B : Easy to wind-up is advantage of sole proprietorship form of business.

Q. Sole proprietorship form of business organisation is suitable ________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Business Services - Insurance - Types

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Standard XI Business Studies

Join BYJU'S Learning Program

CrossIcon