Sole Proprietorship – Meaning & Features Class 11 OCM Chapter 5 Forms of Business Organisation

Welcome to Lecture 1 of Chapter 5 – Forms of Business Organisation from the Class 11 Organization of Commerce and Management (OCM) syllabus. In this video, we explain the meaning of Sole Proprietorship, its key features, and why it’s considered the simplest and most flexible form of business ownership 📚 What You’ll Learn: • Definition of Sole Proprietorship • Characteristics of a sole trading concern • Single ownership and control • Unlimited liability • Quick decision-making • Limited resources and scale • Personal contact with customers • Real-life examples of small businesses and local enterprises • Board exam-focused explanations and tips 🎓 Ideal for Maharashtra State Board Class 11 Commerce students 📝 Perfect for board exam preparation, assignments, and concept clarity 📌 Understand how sole proprietorships operate and why they’re popular among small business owners. 👍 Like 💬 Comment 🔁 Share 🔔 Subscribe for more Class 11 OCM lectures and smart study tips! Hashtags: #Class11OCM #SoleProprietorship #FormsOfbusinessOrganisation #Chapter5Lecture1 #MaharashtraBoard #EcoNomixAcademy #CommerceClass11 #BoardExamPrep #BusinessOwnership #SingleOwnerBusiness