Business Studies · Forms of Business Organisation
In the context of 'sole proprietorship', which of the following is not a correct statement?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1'Sole proprietor' has unlimited liability.
- 2In some cases, one may require a licence.
- 3'Sole' means only one.
- 4There is a separate law that governs 'sole proprietorship'.✓
Correct answer
There is a separate law that governs 'sole proprietorship'.
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