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The responsibility is shared.
Burden of dept can be shared.
What else can I help you with?
What has been an advantage of partnership over the sole proprietorships?
No options are given to answer this question.
What advantages does a partnership have over a sole partnership?
The responsibility is shared.Burden of dept can be shared.
Corporations have advantages over sole proprietorships and partnerships because they?
Can raise large amounts of capital
Which legal forms of business have unlimited liability?
Sole proprietorships and general partnerships have unlimited liability. In a sole proprietorship, the owner is personally responsible for all debts, liabilities, and legal obligations of the business. Similarly, in a general partnership, each partner is personally liable for the partnership's debts and obligations.
A difference between partnerships and sole proprietorships is that partnerships?
A sole proprietorship has one individual owner. A partnership is made up of 2 or more owners.
What is the difference between individual ownership and partnership?
Sole proprietorships are businesses that are owned and operated by a single business owner.
What is a major disadvantage of sole proprietorships?
There are some tax advantages, but the biggest for most sole proprietors is not having to answer to anyone - being your own boss.
How does a partnership work?
Partners in a general partnership share equally in both responsibility and liability. Many of the same kinds of businesses that operate as sole proprietorships could operate as general partnerships.
What advantage does a corporation have over a sole proprietorship or a partnership?
A corporation has the advantage of limited liability, which means that the owners' personal assets are protected from the company's debts and legal obligations. This is not the case for sole proprietorships or partnerships, where the owners are personally liable for the business's liabilities.
What are advantages of leadership?
Small businesses often start out as sole proprietorships where a single entrepreneur controls all aspects of a business.
What is the percent of sole proprietorships in 2010?
no
What percentage of total sales in the US are generated by sole proprietorships?
6% of total sales in the United States is generated by sole proprietorships.
