MANAGEMENT

Detailed explanation-1: -Option A is correct ( Income taxed at only one level ) . A sole proprietorship, also known as a sole trader or a proprietorship, is an unincorporated business with only one owner who is personally responsible for paying income tax on the company’s profits. NO Pooled expertise.

Detailed explanation-2: -Sole proprietorship has the following advantage: Ease of starting a business, being your own boss, a pride of ownership, quick decision, direct incentive, confidentiality of information.

Detailed explanation-3: -5 advantages of sole proprietorship Less paperwork to get started. Easier processes and fewer requirements for business taxes. Fewer registration fees. More straightforward banking.

Detailed explanation-4: -Statement B: Easy to wind up is advantage of sole proprietorship form of business.

Detailed explanation-5: -Answer: (c) partnership. Which of the following is an advantage of a sole proprietorship? (a) ease of starting a business.