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Explain Sole proprietorship, and also explain Advantages of Sole Proprietorship.
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Solution:

Sole proprietorship:

  • Sole proprietorship (also, called sole trade organization) is the oldest form of business ownership in India.

  • In a sole proprietorship, the enterprise is owned and controlled by one person. He is master of his show. He sows, reaps and harvests the output of this effort. He manages …

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