- SOLE PROPRIETORSHIP
- BUSINESS ORGANIZATION AND MGMT( BUSINESS STUDY)
- CS /CA FOUNDATION
- BY DR. SHASHI AGGARWAL
- MEANING
- A SOLE TRADER IS A PERSON WHO SET UP BUSINESS WITH
HIS OWN RESOURCES, MANAGES THE BUSINESS HIMSELF BY EMPLOYING PERSONS FOR
HIS HELP AND ALONE BEARS ALL THE
GAINS AND RISKS OF BUSINESS.
- MUST BE A PERSON TO ENTER INTO CONTRACT. THE BUSINESS TO BE CARRIED ON SHOULD BE ALLOWED BY LAW
