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This document provides information on sole proprietorship and partnership forms of business organization. It defines sole proprietorship as a business owned, managed, and controlled by an individual who receives all profits and bears all risks. Key features include easy formation and closure, one person ownership and control, sole risk bearer, unlimited liability, and lack of continuity. Partnership is defined as a relationship between persons who agree to share business profits. Key features include a mini

Author

harshit sharma

Language

EN