Proprietorship

---

 Features of Sole Proprietorship-

1)     Single ownership of business.

2)     Full decision making power of the entity.

3)     Least compliance requirements.

4)     Unlimited personal liabilities.

5)     Lacks credibility among investors.

6)     Non provision to add partners.

So as the name suggest, Sole Proprietorship is where if you are sole guy calling the shots and only you running this business and hence the introduction to sole proprietorship  lay emphasis the fact it is only meant for moderate to small scale business which required a family running it and informally it is only the person running up the business