What is sole proprietorship ?

1.	What is sole proprietorship ?
Answer» Thank you<br>Definition of Sole Proprietorship:\tIt is that type of business organization which is owned, managed and controlled by a single owner.\tThe word “sole” means “only” and “proprietor” notes to “owner”.\tA sole proprietor is the beneficiary of all profits.\tAll risks are to be borne by the sole proprietor.\tThe sole proprietor has unconditional and full control over its business.\tExample:\xa0Beauty parlour, barbershop, general store and sweet shop run by a single owner.

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