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What do you understand by sole proprietorship in business?
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[QUOTE="Lens1000, post: 337536, member: 37726"] The sole proprietorships commonly a small business. The simplicity of the business makes it the choice of so many people. Examples of soles proprietorship are freelance, consultants, independent contractors and a small retail operation. One of the major advantages of a sole proprietorship businesses is that the owners have the abilities to make quick decision and it also give the owners the opportunity to retain full control over the business operation which makes it a very good business to model to adopt. [/QUOTE]
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What do you understand by sole proprietorship in business?
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