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
The Mountain Fresh Company had earnings per share (EPS) of $6.32 in 2006 and $11.48 in 2011. The company pays out 30 percent of its earnings as dividends per share (DPS), and the

Profitability in relation to investment - Profitability Ratio a) Return on Investment (ROI) or return on total asset (ROTA) = (Net profit/ Total asset) x 100 The ratio i

A prospective developer is considering purchasing a site for the construction of a ‘Business Village’ at a price of £750 000. It will provide a let-able office floor space of 17 50

Similarities between Equity Finance and Preference Similarities among Equity Finance and Preference are as follows: a) Both may be permanent whether preference share capita

how to make a perdiem claim format to maintain the records of staff

A home buyer lists her home at a 7% commission rate and wants to net 45,000 after paying the mortgage balance of 68,000 and the broker''s commission. To the nearest dollar, what sh

What is cash deficit?And what is cash surplus?Describe each of them in detail.

AsStudents will analyze and synthesize the financial reports of an organization of their choice and present their findings in a PowerPoint presentation (with completed Notes sectio

Marbela Corporation's stock had a required return of 12.75% last year, when the risk-free rate was 6.4% and the market risk premium was 5.5%.  Now suppose the market risk premium d

Example of Accounting Rate of Return Method                                    Shs. Project X cost              500,000 Scrap value                 100,000 Stream of