omtex.co.in : A sole trading concern is easiest to form: State with reasons whether the following statements are true or false.

A sole trading concern is easiest to form: State with reasons whether the following statements are true or false.

A sole trading concern is easiest to form: True

Explanation: A sole trading concern is easy to form, as limited capital and few legal formalities are required. Any person who is a major (adult) and mentally sound can start a business.