0
What is four advantages of a business organized as a sole proprietorship?
Wiki User
∙ 13y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What are the sources of capital a sole proprietorship?
owners contribution
What are four advantages of using price as an allocating mechanism?
The advantages of using price as an allocating mechanism include that it is a simple system and it is already known. Two other advantages are that it is easy to understand and it is universal.
What are four types of business document?
Articles of Association Memorandum....
What amount of RAM would be suitable for a business computer?
The amount of RAM required for businesses varies depending on the needs of the business. With a home based business you can start your business with a computer with about four to six gigabytes of RAM.
What are four departments of a business?
the four departments are:1...human resource department2....accounting department3.....marketing department4.......production department
What are the sources of capital a sole proprietorship?
owners contribution
Can you think of good ideas which would utilize the skills and spare resources of a farming business?
Abstract This paper explores the four different business entities available to a Farming business in North Dakota. The four business entities available to farmers are: Sole Proprietor, Partnership, Farm LLC and a Farm Corporation. This paper will also address several key questions about Farming business entities. First, what are the advantages and disadvantages of each of the entity types? Second, what are the tax and cash flow results from using the different entity types? Lastly, FINISH! Farm Business Entities There are four business entity options for a Farming Business in North Dakota. Those options are: Sole Proprietorship, Partnership, Farm LLC, and a Farm Corporation. In North Dakota, a Small Business Corporation is not recognized, and a Farming business is not allowed to form a regular LLC, which eliminates two options that are available to most other business types. There are many different advantages and disadvantages of each entity option. This paper will discuss the advantages and disadvantages of each option, provide tax and cash analysis of each entity type, and will specifically address how the transfer of ownership is affected by each entity. Advantages and Disadvantages of Business Entities Sole Proprietor According the Secretary of State of North Dakota, advantages of forming a Sole Proprietorship are: they are the simplest form of business entity, they are easily formed and discontinued, they are the least regulated, they are the most flexible in response to business requirements and there are no administrative requirements other than obtaining the appropriate licenses (Secretary of State, n.d.). A comparison of farm business entities by William Thompson and Wayne Hayenga (2002) state that, "The Proprietor has the ultimate control" (p. 3). This is another clear advantage of a Sole Proprietor; they have full control of the responsibilities and decisions.
What four advantages did corporations have over small business?
Raw material discountsReduction of unit costSpecialistsBetter production methods(OW)
What are the advantages of studying business administration?
The advantages of studying business administration sets the student up to be in beginning level management when they graduate. A four year degree will open the doors to a wide variety of positions in marketing, financial and other types of jobs.
How do different business organizations operate in the global legal environment and how do domestic and global legal issues impact the various business structures?
Business organizations: * sole proprietorship * general partnership * for profit, non-profit corporation * franchises Research these four organizations because there are way too many to list the legal issues.
Four students organized a sit-in at a lunch counter in?
Four students organized a sit in at a lunch counter in Greensboro, NC.
What four main ways to become a business owner and explain the disadvantages and advantages of each?
A business owner can go in business for themselves to make more money, but it will take long hours. A business owner can start a business to meet the demands of customers. A disadvantage to that is the fact that customers are very demanding.
What are four advantages and four disadvantages of insects?
some eat cheese
How many syllables does organized have?
There are four syllables. Or-gan-is-m.
Advantages of two stroke engine over a four stroke engine?
Explain the advantages of four-stroke engine over two-stroke engine
What are four advantages for fossil fuels?
four advantages for fossil fuels: Fossil fuels have high energy density, are readily transportable, are usable with current infrastructure, and
What are the four division of economics?
what are the four division of business?
