define of sloe risk bearer and profit recipient

Sole risk bearer and profit recipient is one of the important features of sole proprietorship. A sole proprietor is the single owner of the business. In this way, he bears the entire risk in case of any loss or failure of business. However, he is also the sole recipient of the entire benefits and profit from the business. In this way, the receipt of entire profits becomes his reward for bearing the risk.  

  • 7
What are you looking for?