Business

Southeast University

Assignment on
* description of:
i. Sole proprietary
ii. Partnership
iii. Corporation
*Discussion active the advantages & Disadvantages of each of
them.

Prepared for
Dr. Afzalur Rahman
Faculty:
Department of product line administration
Southeast University

Prepared by
1. Amit Saha - - - - 2012010000172 - - - - ________________________
2. Mizanur Rahman - - - - 2012010000160 - - - - ___________________
3. Oponi Sutradhor - - - - 2012010000175 - - - - ____________________
4. Abu Ubayed Bhuiyan - - - - 2012010000171 - - - - _________________

Sec: F, Batch 30th
Semester: Spring
Submission designation: 28/4/2012

Sole Proprietorship
Definition of Sole Proprietorship: A  repair proprietorship, also known as the sole trader or simply a proprietorship, is a slip of  mortalal credit line entity that is owned and run by one respective(prenominal) and in which there is no legal distinction amidst the owner and the avocation. The owner receives all profits (subject to taxation ad hoc to the business) and has unlimited responsibility for all losses and debts. Every plus of the business is owned by the proprietor and all debts of the business are the proprietors. This means that the owner has no less financial obligation than if they were acting as an individual instead of as a business.



It is a sole proprietorship in contrast with partnerships.
* Definition by Glos & Baker: A sole proprietorship is a business owned by one person who is entitled to all of its profits
* Definition by beating-reed instrument & conover: The single or the sole proprietorship is a business owned and controlled by one man blush though he may have many separate persons working for him
A sole proprietor may accustom a trade fig or business name other than his or her legal name. In many jurisdictions there are rules to enable the true owner of a business name to be ascertained.

Advantages of Sole Proprietorship: The sole proprietorship form of business is the most simple and common in our...If you want to get a full essay, order it on our website: Ordercustompaper.com



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