THE SOLE TRADER A sole trader, also known as a sole proprietor or sole proprietorship, is an individual who owns and operates a business on their own. In this business structure, there is no legal distinction between the owner and the business entity. The sole trader is personally responsible for all aspects of the business, […]
What is business? Business is defined as all forms of activities that people engage in to satisfy their needs of people and sometimes also make profit. Business organisation is a commercial or industrial enterprise and the people who constitute the business. Types of business organisation Different types of business organisation exist namely: Sole proprietorship Partnership
FORMS OF BUSINESS ORGANISATION Read More »