What is the definition of a proprietorship? What is its major drawback?

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asked Jan 16, 2023 7.1k views

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Kraal · Answer 1 · 2023-01-23T03:21:14+0000

Answer:

The definition of proprietorship is the state of owning a business or holding property. The major drawback or a proprietorship is that there is no separation assets and personal assets.

What is the definition of a proprietorship? What is its major drawback?

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