Limited companies are Large Organizations which attract large profits. However these undertakings are still not popular in Kenya and sole proprietorship seems to be more popular. Give four reasons to explain this

  • Profits in sole proprietorship aren’t shared
  • In sole proprietorship there is personal contact with customers unlike in joint stock companies
  • Formation procedure is easier in single owned business than joint stock companies
  • Decision making in single owned business are easier than in joint sock companies

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