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Class 12 Tuition > Learn Class XI-XII Tuition (PUC) > What is meaning of sole trade concern ?
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What is meaning of sole trade concern ?

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Sole trading concern is the simplest, oldest and the most natural form of business organization in private sector. In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the one man show...
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Sole trading concern is the simplest, oldest and the most natural form of business organization in private sector. In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the one man show owned, managed and operated by one person. read less
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Sole in lay man understanding means one person. Hence a Sole Trading concern is a commercial organisation that is run and managed completely by one single person. He is solely responsible for debt and risk of the firm. My Money, My Profits , My Loss is the key here.
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Teacher/Trainer For Aptitude & Reasoning classes

Sole trading concern is the simplest, oldest and in some respect, the most natural form of business organization in private sector.In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the...
read more
Sole trading concern is the simplest, oldest and in some respect, the most natural form of business organization in private sector.In this form a single individual is solely responsible for providing the capital, for bearing the risk and for overall management and control of the enterprise. In is the one man show owned, managed and operated by one person. read less
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Good teacher

It means owned and managed by an individual is known as sole trade concern.
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Company Secretary & Law Graduate

Sole trade concern is an ancient way of doing business and in present also very famous. Its a business pattern which known as propriety concern also. Sole refers to one individual. An individual who is starting a business and taking all liabilities along with profits, operating the business and where...
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Sole trade concern is an ancient way of doing business and in present also very famous. Its a business pattern which known as propriety concern also. Sole refers to one individual. An individual who is starting a business and taking all liabilities along with profits, operating the business and where no legal requirements are there to comply I known as sole trade concern read less
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Sincere

Its a firm which is owned,managed and controlled by individual person Risk taker He bears profit or loss
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Commerce Lecturer

Sole trading concern is an concern of an individuals to maintain their books of accounts accurately. He is the owner of the business. their is no strict rules, regulations, procedures are not followed. the government doesnot play a role.
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Graduate post graduated in event management Mcom

Sole trade concern is owned and controlled by only one person and registration is not compulsory. There are less government regulation It is called as One man show.
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It is a form of business organization where exists one single owner who is running the business by himself.
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Completed CA (inter) and B.com.

Sole Proprietorship denotes the business/trade owned and run by an individual. Whereas Sole trade concern denoted the trade owned by an individual, who is solemnly responsible for it's liabilities and solely enjoys the profits or bears losses.
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