Despite high mortality, the sole entrepreneur survives. Under the Sole Trader-ship Business, a single man is an organizer; he is the owner and runs the business by his own name. Services stations barbers shop doctor’s clinic, service stations beauty parlous etc are examples of sole proprietorship. A sole proprietorship is the most common and simplest form of business ownership. 10 Examples of Sole Proprietors. • Note: A sole proprietorship can have employees who … In the sole proprietorship business, stability is also the main feature or characteristic of sole proprietorbecause it helps to define t… Do Sole Proprietorships Have Stockholders? The sole proprietorship is not a true form of business entity. Along with the progress of the business, its form has also been changing. “A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. solely responsible for all the profits and losses of the business, Forms of Business Organizations - DotEvolve, Sole Proprietorship : Demerits and Limitations - Exam Notes, Joint Stock Company as an Artificial Person - Exam Notes, Creative Commons Attribution-ShareAlike 4.0 International License. v) The risk of the business is shared with the employees of the business. Proprietorship (also called sole trade organisation) is the oldest form of business ownership in India. "),d=t;a[0]in d||!d.execScript||d.execScript("var "+a[0]);for(var e;a.length&&(e=a.shift());)a.length||void 0===c?d[e]?d=d[e]:d=d[e]={}:d[e]=c};function v(b){var c=b.length;if(0