Sole Trade Concern
Sole Trading Concern Sole trading concern is the simplest, oldest and in some respect, the most natural form of business organization in the private sector. In this form, a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. According to Professor Henry,” the individual proprietor in the form of business organization at the head of which stands an individual as one who is responsible, who directs its operations and who alone runs the risk of failure.”
Content:
- Concept of Sole trading concern
- Characteristic of a sole trading concern
- Merits and demerits of a sole trading concern
- Registration and renewal of sole trading concern in Nepal
