The difference between a partnership and sole proprietorship form of business may be follows. This helps the entrepreneur in selecting form of business of his choice.
Tag Archives | Sole Proprietorship
Sole proprietorship business has its own merits and simultaneously suffers from certain imitations as discussed above. In spite of its limitations it is suitable in the following cases:
An entrepreneur may single handedly owned, controlled and managed the business or a group of persons may take up the same task. When it is owned and managed by a single person it is called sole proprietorship form of business.