SIR SHAHEZEB KHALID SUBMITTED BY: USMAN FAROOQ ROLL NO: L1S21BSAF0005 SECTION: (B) January 8, 2022 1|Pag e 1-THE DISTINCT TYPES OF BUSINESS ORGANIZATIONS UNDER THE EYES OF BUSINESS LAW Types: 1. Advantages of sole proprietorship: All earnings are subject to the owner There could be very little law for proprietorships Owners have full freedom while running the business Very few requirements for beginning-