One important feature of sole proprietorship is that

One important feature of sole proprietorship is that

Answer Details

One important feature of sole proprietorship is that one person bears all the risks. Sole proprietorship is a form of business in which an individual owns and manages the business alone. This means that the owner is solely responsible for all the debts and obligations of the business. In other words, the owner has unlimited liability for the business. As a result, the owner also enjoys all the profits and controls all the decision-making in the business. This makes sole proprietorship an attractive option for individuals who want to start and manage a business on their own.