Mr. Varun wanted to start a bakery shop with limited money. What kind of business organization you would suggest him?
Partnership
HUF
Sole proprietorship
Corporation
A
Sole proprietorship
B
HUF
C
Partnership
D
Corporation
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Solution
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A sole proprietorship is a business which is owned and managed by a single person. It consists of limited capital as there is only one person. Hence, it is a sole proprietorship form of business organization.
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