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Chapter: 11th Commerce : Sole Proprietorship

Definition of Sole Trader

Sole trader is a type of business unit where a person is solely responsible for providing the capital, for bearing the risk of the enterprise and for the management of business

Definition of Sole Trader

“Sole trader is a type of business unit where a person is solely responsible for providing the capital, for bearing the risk of the enterprise and for the management of business”

- J.L.Hansen

 

“Sole proprietorship is that form of business organisation which is owned and controlled by a single individual. He receives all the profits and risks all of his property in the success or failure of the enterprise”

- Wheeler

 

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11th Commerce : Sole Proprietorship : Definition of Sole Trader |


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