How do owner and management remain centralized in sole proprietorship?

1.	How do owner and management remain centralized in sole proprietorship?
Answer» Less legal restrictions: Compared to other business forms there are lesser regulatory and legal controls on the proprietorship firm. The proprietor does not need to take approval from anyone for making changes in his business methods increase or decrease capital etc. Moreover, since the business is small, regulatory controls are also less.

Answer»

Less legal restrictions:

Compared to other business forms there are lesser regulatory and legal controls on the proprietorship firm. The proprietor does not need to take approval from anyone for making changes in his business methods increase or decrease capital etc. Moreover, since the business is small, regulatory controls are also less.

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How do owner and management remain centralized in sole proprietorship?

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