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Which company is sole proprietorship?
can u please name a popular company???
- Anonymous1 decade agoFavorite Answer
sole proprietership company are small businesses having one owner owning 100%of the company.As this type of companies are very risky as the company stops working and suffer heavy losses due to death or emergency situation of the owner due to his inability to work
Many retail shops or services or individuals having side business have this form of companies .The simple reason is formation of such co. is very simple and easy no understang and formalities required You are solely and totaly responsible for your company
It is difficult to find any sole proprietory big companies now a days Against this people have partnership or ltd companies with much less risksSource(s): company laws
- David P. LLv 41 decade ago
Usually sole proprietor ships are the smaller "Mom & Pop" stores. I cannot think of any off the top of my head that are well known.