The individual assumes all risks of loss or failure of the enterprise and

The individual assumes all risks of loss or failure

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and management are vested in one person. The individual assumes all risks of loss or failure of the enterprise and receives all profits from its successful operation.” Why we are starting the business Ownership: In sole proprietorship a single individual person run the business without the interference of any other person. Objective: The main advantage of the sole proprietor is to earn the profit and cannot sharing the profit with any other person because in which individual person are the owner of business.
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Capital: Abdullah merchant store are invested the 10 lac in the business and earning the profit with the circulation of this capital and increase the capital day-by-day. In case of loss: In sole proprietorship all the loss of business are beared only by the owner of sole proprietorship no other can bear the loss because in sole proprietorship a individual person owner of whole business. Control of business: A owner of the sole proprietorship control the whole business all the management activities are handover himself. All the
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  • Fall '16
  • Abdullah Merchant Store, merchant store

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