CS709 MIDTERM PAST PAPERS BY MOAAZ
Effectively Transferable Such kind of business can undoubtedly be moved to someone else with next to no limitation. The opportunity of Action In sole ownership, a single proprietor is the sole expert of the business; along these lines, he has full opportunity to make a move or choice.
Development Development of sole ownership business is simple when contrasted with other business since it does not need any sort of lawful custom-like enlistment and so forth.
Lawful Entity Insole ownership, the business has no different legitimate element separated from the sole brokers. Legitimate Restriction
There are no legitimate limitations for sole merchants to set up the business. In any case, there might be legitimate limitations for setting up a specific kind of business.
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Restricted Life The progression of sole ownership depends on the great well-being or decisive of the sole proprietor. The executives
Insole ownership, the control of the executives of the business lies with the sole proprietor. Proprietorship The responsibility for sole ownership is possessed by one individual.
Benefit The single proprietor bears the full gamble of business, accordingly, he gets the absolute advantage of the business as well as complete misfortune. Size The size of a business is normally little. The restricted capacity and capital don’t permit the extension of the business.
Progress of Business The achievement and altruism of the sole owner are absolutely reliant upon the capacity of the sole proprietor.
Mystery Sole ownership can without much of a stretch keep up with the mystery of his business.
Limitless Liability A sole owner has limitless risk. In the event of indebtedness of business, even the individual resources are utilized by the proprietor to take care of the obligations and different liabilities.
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CS709 MIDTERM PAST PAPERS BY MOAAZ COMING SOON
