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How can sole proprietor can expand his business

Posted by Vidushi Singh 4 years, 6 months ago

CBSE > Class 11 > Business Studies

1 answers

Yogita Ingle 4 years, 6 months ago

Sole Proprietorship in simple words is a one-man business organisation. Furthermore, a sole proprietor is a natural person(not a legal person/entity) who fully owns and manages this type of entity. In fact, the business and the man are the same, it does not have a separate legal entity.

In addition, a sole proprietorship usually does not have to be incorporated or registered. Thus, it is the simplest form of business structure and the ideal choice to run a small business or medium scale business. Let us look at some important features of a proprietorship.

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