BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Sole Proprietorship – This is the traditional and popular form of business organization. Its formation is simple, and the owner controls the complete operations of a business and is liable for all financial burdens and debts.

Detailed explanation-2: -The sole proprietorship is the most common form of business organization. One person conducts business for him or herself. A sole proprietorship is not a legal entity. It has no life of its own separate and apart from the owner of the business.

Detailed explanation-3: -A sole proprietorship is a business owned by only one person. It’s the most common form of ownership and accounts for about 72 percent of all U.S. businesses. Advantages of a sole proprietorship include the following: Easy and inexpensive to form; few government regulations.

Detailed explanation-4: -Minimal paperwork and low set-up costs are two major benefits of having a sole proprietorship. In addition, there is the ease of maintaining it. In fact, according to the SBA, it’s the simplest and least expensive business type you can establish.

Detailed explanation-5: -Sole proprietorship is a popular form of business organization and is suitable form of small business.