Everything you need to know about the features of sole proprietorship. Sole proprietorship, also known as sole trader, is the most popular form of business organisation in India. You will find sole proprietors everywhere. If you buy a notebook, a pen, etc., from a shop near your residence or school, most likely the shop is run by a sole proprietor. [...]
Everything you need to know about the disadvantages of sole proprietorship. Any person is not equipped to own and competent enough manage a business. Often it is difficult to save enough money to start a business and carry it on. It is very difficult, at times, for a single person to cover the costs of inventory (raw materials), insurance, advertising, [...]
After reading this article you will learn about:- 1. Meaning of Sole Proprietorship 2. Definitions of Sole Proprietorship 3. Characteristics 4. Scope and Prospects 5. Advantages 6. Disadvantages. Meaning of Sole Proprietorship: This form of organisation is the oldest and functioning from times immemorial in one form or the other. This is a 'one man business' in which an individual [...]