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Sole proprietorship features and merits demerits |
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Answer» Features 1.No separate legal entity 2.unlimited liability 3. Lack of continuity4. Independency decision 5.managed individual 6.risk bearing 7.No share profit and loss Merits 1.maintaining secerts 2. Independency decision 3.done by single person 4.management individual Sole properitorship- it is owned and managed by single individual and the no share profit and loss |
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