source of finance for the sole proprietorsome
Source of Finance for the Sole Proprietor
Some sources of capital---Discuss
a) Savings
b) Assistance from friends or relatives
c) Proceeds from sale of assets
d) Bank loans
e) Funding by NGOs
f) Trade credit
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characteristics of sole proprietorshipthe main characteristics of sole proprietorships are as follows1 ownership- the ownership of the business unit
formation of sole proprietorship businesswhen an individual plans to start a business his or her main objective is to earn profit but there are a
management of sole proprietorship in sole proprietorship the owner is usually in charge of day to day running of the business if the business is
some of the policies decided by the proprietor are1 time of operating the business2 promotion through advertising or special offers3 dealing with
source of finance for the sole proprietorsome sources of capital---discussa savingsb assistance from friends or relativesc proceeds from sale of
partnershipdefinition -partnership may be defined as a relationship between persons carrying on a business in common with a view of profits in
significant features of partnership1 the capital is contributed by the partners and no appeal is made to the public2 like the sole proprietorship a
type of partnershipsthere are two main kinds of partnerships namelyordinary partnership - an ordinary partnership is one in which all members have
type of partners1 active partner2 sleeping partner3 quasi or nominal partner4 minor partner5 major partner6 in-coming partner7 out-going
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