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Advantages
- Greater felxibilty - No discussion
- Easy to set up - Less legal formalities and less capital needed
- Better personal contact with customers - Because it's usually small businesses
Disadvantages
- Unlimited Liabilty
- Cannot share risk and losses
- Difficult to expand
- Poor decision making
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∙ 10y ago
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What is the main advantage of the sole proprietorship?
fastest to start.
Principles of sole proprietorship?
what is the prinicples of sole proprietorship
Give examples of sole proprietorship?
which firs and companies are using sole proprietorship in pakistan?
What are some examples of sole proprietorship in the Philippines?
A sole proprietorship is a business that is owned solely. In the Philippines examples of sole proprietorship include shops, boutiques, and catering businesses.
Example of a sole proprietorship in Bangladesh?
proprietorship business
Advantage and disadvantage of sole proprietorship?
Advantage: Easy to set up and manage, full control over decision-making, simplified tax reporting as business income is reported on personal tax return. Disadvantage: Unlimited personal liability, limited access to capital, potential difficulty in attracting investors or partners.
What is a disadvantage to a sole proprietorship?
lack of permanence
What is the main advantage of the sole proprietorship?
fastest to start.
What is the primary disadvantage of both sole proprietorship and a partnership that a corporation overcomes?
A
What is an advantage of a sole proprietorship?
it is the least regulated form of business organization
Is a disadvantage of partnership compared to sole proprietorship?
You share decision making and profits in a partnership.
What are the advantages and disadvantages of business entity concept?
The advantage of the sole proprietorship is that the owner of the business enjoys all the profits alone. The disadvantage is that the owner of the business bares all losses alone.
What of the following is a disadvantage of owning a sole proprietorship?
May have difficulty raising money for business operations
What is a major advantage of a sole proprietorship?
the owner is completely responsible for the business decisions
What advantage does a partnership have over a sole proprietorship?
The responsibility is shared.Burden of dept can be shared.
What are the disadvantages of a partnership over a sole proprietorship?
One of the main disadvantage of partnership over sole proprietorship is that you cannot excercise full power over the decisions and need to get other partners/partner onboard.
Principles of sole proprietorship?
what is the prinicples of sole proprietorship
