CS711 MIDTERM PAST PAPERS BY MOAAZ
Freedom It is an autonomous type of business association and there is no obstruction of some other individual. Individual Satisfaction
As all the Business exercises are achieved under the oversight of the sole proprietor, so he feels individual fulfillment that the business is moving along as expected.
Prime Credit Standing A sole owner can get cash all the more effective due to limitless responsibility. Speedy Decisions The sole owner can settle on speedy choices for the turn of events and government assistance of their business what’s more, in this manner can save his time.
Individual Interest A sole proprietor5 takes a sharp intere4st in the undertakings of business since he alone is answerable for benefit and misfortune.
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Saving in Interest on Borrowed Capital Now and then, a sole owner acquires cash to build his capital, from his family members,
without interest. Saving in Legal Expenses As there are no lawful limitations for the arrangement of sole ownership so it helps in
it are decreased to increment investment funds as lawful costs.
Saving in Management Expenses The proprietor of the business himself performs the majority of the capacities so it diminishes the
executive’s costs. Saving in Taxes The duty rates are extremely coming up short on sole ownership since it is forced on the payment of
a single individual.
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