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Discuss the merits and demerits of sole trade business |
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Answer» proprietorship can be setup easily and QUICKLY. No legal formalities and EXPENDITURES are involved in the ESTABLISHMENT of a proprietorship. There is no need to associate others or to enter any AGREEMENT. Only a license may be NEEDED in special cases. The owner can start business operations as and when he desires. Similarly, a sole proprietorship can be closed down very easily and quickly. |
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