Sole proprietorship is business, which is carried by one person. All the expenses business risk, liabilities, money fairness and profit it mean it all in all over all the business friars.
Sole proprietorship business has difference between business and businessperson. This business run by an individual person. He takes all profit of a business and bears all expense and liabilities of a business. Following are the some benefits or properties of sole proprietor ship business.
Ø This business easy to start. A person we have short money but have skill it make his own business easily in short time.
Ø All profit are received by one person not one a partner which we share a profit.
Ø Easy to carry and not difficult to run this business not provide high expenditure to run this business.
Ø Easy documents are maintained in this business. Only expenditure and profit documents we make in this business.
Ø Not legal laws for this business. It is another benefit of this business.
Not fear of high amount business fear because it not invests a high amount in this business.
Ø Sole proprietorship all in all person. He cannot get session for another person and made or take all profit or loss design of a business.
Ø Sole proprietorship business easy to understand and easy to carry sole proprietorship children and relatives carry this business unfair time.
Ø Sole proprietorship person carry loss of business easily but partner ship business loss very expensive and high, which not carry one person.
Ø Sole proprietorship business easy to dissolve not legal documents of dissolve this business.
Ø Easy to understand legal documents. This type of business have easy legal documents and not difficult to carry.
It bears all type of business fear himself.
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