Business Studies · Forms of Business Organisation
Which of the following statements is NOT a feature of a sole proprietorship?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1No separate legal entity of the business distinct from its owner
- 2One-man ownership and control
- 3All profits of the business are enjoyed solely by the owner
- 4Personal property of the owner cannot be claimed to pay off the debts of the firm✓
Correct answer
Personal property of the owner cannot be claimed to pay off the debts of the firm
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