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Topic Content:
- Meaning of Sole Proprietorship
- Characteristics of Sole Proprietorship
- Advantages of Sole Proprietorship
- Disadvantages of Sole Proprietorship
What is Sole Proprietorship?
Sole proprietorship is a business unit owned by one man. The organization is established, controlled, financed, and owned by one person with the aim of making a profit. It is the oldest form of business. It is also known as sole trading or proprietor.
Characteristics of Sole Proprietorship:
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