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Advantages of Sole Trade  — Commerce Keypoint

Advantages of Sole Trade 

  1. It is easy to manage
  2. It requires small capital to start.
  3. It is easy to establish
  4. All profits belong to the sole trader.
  5. Maintains cordial, relationship between the sole proprietor and his employees.
  6. It promotes quick decision taking
  7. It promotes easy formulation of policies.

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