Sole proprietorship, Finance Basics

Sole Proprietorship

Definition - A sole proprietorship or sole tradership is the oldest and simplest form of business. It is that type of business organization where one person is responsible for profit and loss and is the sole owner of the business. Sole proprietorship is a form of business organization in which an individual introduces his own capital, uses his own skills and intelligence in management of its affairs, assumes all the risk of business and is solely responsible for the results of his operations. The bakery, hardware stores, service stations, barber shops, doctor's clinics, etc. are examples of sole proprietorships.




Posted Date: 8/29/2012 5:56:40 AM | Location : United States

Related Discussions:- Sole proprietorship, Assignment Help, Ask Question on Sole proprietorship, Get Answer, Expert's Help, Sole proprietorship Discussions

Write discussion on Sole proprietorship
Your posts are moderated
Related Questions
Sources of Funds - Finance Venture capital, with combining risk financing along with marketing assistance and management, could become an effective instrument in fostering dev

Advantage of Leasing an Asset 1. The company has the choice to purchase assets on the expiry of the lease period at that time it will identify the viability of the asset

Q1.  A local delivery company has purchased a delivery truck for $15,000.  The truck will be depreciated under MACRS as a five year property.  The trucks market value (salvage valu

Cash and Marketable Securities Management The management of marketable and cash securities is single of the key areas of working capital management. Because cash and marketabl

Hatch System - Stock Exchange This is an automatic system based on the assumption such when investors sell at a certain percent age below the top of the market and buys at a s

Example of Stock Market Index The following six companies constitute the index of democratic republic of Kusadikika.             Company  A  B

Expectation Theory The theory states here that the yield curve depends on the expectation concerning with future inflation rates. The rate on long-term bonds will exceed, If i

traditional financial management are concerned with raising funds and optimum you agree?explain.

Compute the future value of $2,500 compounded annually for 10 years at 6%

Question: A non-zero coupon bond carries a coupon rate of 8 percent and has 9 years until maturity. It sells at a yield to maturity of 6 percent. The par value of the bond is