legal formality- In the present time various legal formalities are required. For some business Government approval, licence of the Government is essential.
“Para language is closest to non-verbal Communication”.Explain it.?
Normally, sole trade does not require any legal formality unless it is prohibited by the statute of Government. Partnership firm is established according to Companies Act, 2013. Some business require licence. Some business are prohibited by the Government for public in generic. So, it must also be considered that business should not be prohibited by law or by the Government.
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