Sole Proprietorship : Definition and Its Characteristics

Introduction to Sole Proprietorship

Sole trader-ship or proprietorship is the oldest form of business in all the countries of the world. Along with the progress of business its form has also been changing. But due to its simplicity, quick formation and easiness, this form is the most popular and in practice in the world.

One man’s business is best in the world, if that one man is big enough to manage everything.

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