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Sole Proprietorship

A sole proprietorship is the oldest and the most common form of business. It is a one-man organisation where a single individual owns, manages and controls the business. Its main features are :-

Advantages

Disadvantages

Hence, this form of organisation is suitable for the businesses which involve moderate risk, small financial resources, small capital requirement and risk involvement is not heavy like automobile repair shops, small bakery shops, tailoring, etc. It accounts for the largest number of business concerns in India.