The creditors are entitled to have claim even on his private property the sole-trader moulds the fate of the concern it is the competence of the proprietor which determines the future of.
A sole trading concern is a form of business organization in which an individual invests only his capital, uses his own skill and intelligence in the management of its affairs and is. Sole trading concern is the oldest type of business organization it is also called as one-man show business and the owner is called sole proprietor or sole trader features of sole trading.
Sole trading concern is the simplest, oldest and in some respect, the most natural form of business organization in private sector according to professor henry,” the individual proprietor.
A sole proprietorship has no legal entity separate from its owner the law makes no distinction between the proprietor and the business the assets and liabilities of the business and its. Meaning: sole trading concern is the oldest type of business organization throughout the world it is simple and natural type of organization because it is owned, controlled, supervised and.
Introduction: sole trading concern is the oldest form of commercial organisation sole means one person so a sole trading concern is an organization where all business activities are.
A 'sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal. Sole trading concern / sole proprietorship 'sole' means single and 'proprietorship' means ownership sole trading concern is the form of business that is owned, managed and controlled by an.