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Question
What is sole proprietorship in business?
What is sole proprietorship in business?
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Solution
Sole proprietorship is a form of business organisation where there is only one owner. It is regarded as the most simplest form of business organisation.
Also read:
- Sole Proprietorship
- Difference Between LLP and Partnership
- Difference Between Sole Proprietorship and Partnership
- Difference Between Partnership Firm and Company
- Difference Between Dissolution of Partnership and Dissolution of Firm
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
Sole proprietorship is a form of business organisation where there is only one owner. It is regarded as the most simplest form of business organisation.
Also read:
- Sole Proprietorship
- Difference Between LLP and Partnership
- Difference Between Sole Proprietorship and Partnership
- Difference Between Partnership Firm and Company
- Difference Between Dissolution of Partnership and Dissolution of Firm
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
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