SOLE PROPRIETORSHIP

Submitted To Mayank Bhatiya

Professor,CPIMR
Submitted by Mayur Mistry(121)
Sanket Patel (134)
Vivek Patel (169)
Yash Patel (174)
 Presentation Flow
Definition
Advantages
Disadvantages
Example
How to overcome the problems
Conclusion
 Definition
A sole proprietorship is a business owned by
one person.
Oldest and most common form of business
ownership.
A sole proprietorship business is a business
entity that is owned and controlled by a single
owner who doesnt have partners.This is the
typical example for a SME.
Advantages of sole Disadvantages of sole
Proprietorship Proprietorship
You can make all the decisions! Limited capital
Easy set-up (minimal paperwork) Unlimited liability (owner is
Licensing (obtain from state or local responsible to pay the business debts
government) out of personal assets)
Business name (need to get a Limited human resources
certificate) Limited life
Employees (need to get Employer Less risk
Identification #, EIN)

Total Control

Profits to Owner

Profits Taxed Once

Few Government Regulations

Easy to open and close

 Deep Motors
Firm DEEP MOTORS (BAJAJ TWO WHEELER
SHOWROOM AND SERVICE)
Location Kheda
Firm type Sole Proprietorship
Owner Maheshbhai B Patel
Capital 5 Lakhs Rupees
Human Resource 3
 How to overcome the problem
1st year its firm is in loss but he is not stop
hard work in its field and motivates the
employees like (how do you work in daily in
that basis I pay you) so that he is increase sale
and service
He is risk taker according to him Risk takers
are always successful in future
for finance he took bank loan and mortgage
loan also.
 Conclusion
Sole proprietorship is the old and best used
organization in India. In India 23 million sole
proprietorships and 7.4 million partnerships.
So it is very easy to open.