Sole Proprietorship

What is sole proprietorship?

• Business owned by President

• Business owned by a company

• Business owned by one person

• Business owned by several companies

Sole proprietorship business can be started by

• at least 7 persons

• at least 2 persons

• at least 1 person

• at least 5 person

Sole proprietorship is most suitable for

• Medium scale concern

• Large scale concern

• Small scale concern

• All of the above

Sole proprietorship is free from regulation by

• Indian law

• Government

• Private Indian

• Indian contract act

The reason for the end of the sole proprietorship be

• Insanity

• Death

• Imprisonment

• All of the above

Sole proprietorship business owner has

• No liability

• Limited liability

• Unlimited liability

• None of these

A sole proprietor has limit in which of the following ability

• Owner

• Worker

• Managerial

• None of these