Sole Proprietorship
shared by chandantodi on Apr 06
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A sole proprietorship, also understood as a sole proprietorship firm, refers to a kind of business where an individual person has complete ownership, management, and control over it.
The sole propri...
etor is solely responsible for managing the business on a day-to-day basis and arranging the necessary capital.
Being the sole owner, they have complete entitlement to the profits and losses of the business. The sole proprietor also fully owns all assets and resources of the business and is entirely responsible for any liabilities and debts that the firm may incur.
Registration Arena can help to complete the registration process in a few steps.
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