Sole Proprietorship

1
SOLE PROPRIETORSHIP

• https//taxbyjain.com/service/sole-proprietorship-
  firm-registration/

2
A sole proprietorship is a business that is run
by a single individual who makes all the
decisions, although the proprietor may engage
employees. The sole proprietor is personally
entitled to all of the profits and is responsible
for any debts that the company incurs.

• https//taxbyjain.com/service/sole-proprietorship-
  firm-registration/

3
CHARACTERISTICS OF SOLE PROPRIETORSHIP
ONE MAN ARMY
SOLE OWNERSHIP AND CONTROL
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MAXIMUM RISK
NO PROFIT SHARING
UNLIMITED LIABILITY
5
https//taxbyjain.com/service/sole-proprietorship-
firm-registration/