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27 July, 10:55

What are the advantages and disadvantages of a sole proprietorship?

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  1. 27 July, 11:12
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    No minimum capital or maximum capital barriers in starting up the business.

    No registration procedure is involved.

    Management is easy as only one person is involved in decision making.

    Profits are solely owned by the owner.

    The owner can easily expand the business if capital is available.

    Owner’s personal effort and capabilities drive the business success.

    Frauds are minimum.
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