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Proprietorship :)
If your business fails with debts you are personally liable. You only have yourself to blame.
it is the least regulated form of business organization
May have difficulty raising money for business operations
The individual proprietorship or sore proprietorship is the oldest form of business organization. It is as old as the civilization itself. Historically, it appears that business started first with this form of organization. It is the simplest and natural type of organization.Sole proprietorship is also called individual proprietorship, or one man business. Sole proprietorship is a form of business organization in which an individual introduces his own capita), uses his own skill and intelligence in the management of its affairs, assumes all the risks of business and is solely responsible for the results of its operations. He, thus, owns all and risks all. The business is exclusively in the hands of an individual. Most of the bakery, hardware stores, service stations, barbers shop, doctor's clinic, service stations, beauty parlours, etc. are examples of sole proprietorship.
proprietorship
Proprietorship :)
proprietorship
Sole Proprietorship.
it is the least regulated form of business organization
If your business fails with debts you are personally liable. You only have yourself to blame.
it is the least regulated form of business organization
sole proprietorship
May have difficulty raising money for business operations
sole proprietorship
sole proprietorship
The most common type of business is a sole proprietorship. This is a business that is owned by a lone person and may or may not have other employees.sole proprietorship