the advantages of which type of business include ownership of all profits, freedom and flexibility, and ease and low cost of organization and dissolution?

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24-10-2022
Business

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the advantages of which type of business include ownership of all profits, freedom and flexibility, and ease and low cost of organization and dissolution?

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AjithaR101 AjithaR101 · Answer 1 · 2022-11-06T06:27:04+01:00

The sole proprietorship is the advantage in the business including ownership of all profits, freedom, flexibility, and ease and low cost of organization and dissolution

What is a sole proprietorship?

A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity.
It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship.
A sole proprietor may hire staff members and does not always work alone.
The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes).
The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts.
A trade name or business name other than the sole proprietor's or the business's legal name may be used.
If their company name differs from their legal name, they might need to officially trademark it; the procedure will depend on where they live.

To learn more about sole proprietorship, refer to https://brainly.in/question/5781838

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