The sole trade organisation (also called proprietorship) is the oldest form of organisation and the most common form of organisation for small business even today.
It is the simplest and easiest to form. What is required is that an individual decides and arranges the necessary capital.
Required capital maybe mobilised from his own savings or may be borrowed from friends and relatives .
The business may be carried either in a portion of his own residence or in a rented building. The business generally manages the business on his own .
He enjoy all the profits earned by the business ,so in case of loss naturally he has to bear the full burnt of it.
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