The major advantages and drawbacks of a sole proprietorship. Introduction: Sole proprietorship : A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

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Answer 1

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Chapter 1, Problem 3DQ

Summary Introduction

To Explain: The major advantages and drawbacks of a sole proprietorship.

Introduction:

Sole proprietorship:

A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

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Answer 2

Question

Chapter 1, Problem 3DQ

Summary Introduction

To Explain: The major advantages and drawbacks of a sole proprietorship.

Introduction:

Sole proprietorship:

A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

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Answer 3

Question

Chapter 1, Problem 3DQ

Summary Introduction

To Explain: The major advantages and drawbacks of a sole proprietorship.

Introduction:

Sole proprietorship:

A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

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Answer 4

Question

Chapter 1, Problem 3DQ

Summary Introduction

To Explain: The major advantages and drawbacks of a sole proprietorship.

Introduction:

Sole proprietorship:

A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

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Answer 5

Chapter 1, Problem 3DQ

Summary Introduction

To Explain: The major advantages and drawbacks of a sole proprietorship.

Introduction:

Sole proprietorship:

A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

Answer 6

Chapter 1, Problem 3DQ

Summary Introduction

To Explain: The major advantages and drawbacks of a sole proprietorship.

Introduction:

Sole proprietorship:

A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

Answer 7

Chapter 1, Problem 3DQ

Summary Introduction

To Explain: The major advantages and drawbacks of a sole proprietorship.

Introduction:

Sole proprietorship:

A business entity owned and operated by one person is a sole proprietorship entity. It is not a separate legal entity and is neither required to be registered nor incorporated. The type of business opted by a sole trader is usually a small or medium one.

Answer 8

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Answer 11

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Solution Summary: The author explains the advantages and drawbacks of a sole proprietorship business.

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