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What are the differences between a sole proprietorship and limited liability corporation?

In a limited liability corporation, the company is not personally liable for it, and the owners and shareholders will not get personally sued, only the company will. It has a high start up cost, and it has a long life. Sole proprietorship's have a low start up cost, generally have short life spans, and are personally liable,


How much does it cost to star up a business?

It depends on the business. Really. You can start a sole proprietorship out of your home with stuff you have lying around for almost no cost at all... or you can start an LLC or Corporation or Partnership in a big fancy building somplace for as much as you want to spend.


What is the main advantage of the sole proprietorship?

fastest to start.


What is the easiest form of business to start and why?

sole proprietorship.


How do you change a partnership into proprietorship in India?

Not possible . Dissolve the partnership, surrender its pan / vat numbers etc and start a new proprietorship


What is the start up cost?

How much you have to pay to start a business up


Is the traditional way of running an organisation a sole proprietorship?

The traditional ways of running a business are sole-proprietorship, partnership, or via corporation. The easiest one to set up is the sole-proprietorship.


What to do first in setting up sole proprietorship?

my egg


What company is easiest to set up?

Sole proprietorship


The most difficult form of business organization to start and stop is the?

sole proprietorship


Which form of business is the easiest to start?

A sole proprietorship is typically the easiest form of business to start. It involves only one owner, minimal legal requirements, and straightforward tax reporting.


How do start up costs discourage entrepreneurs from entering a market?

When the start-up cost is high