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Which of the following is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation?
Dieqo0
When you type a question that includes the phrase "Which of the following," you need to follow it with choices.
^no.
They get to make the decisions themselves. - APEX
^but he is right...but nobody cares...apex users understand, right guys?! haha i love seeing comments like that because then its like an inside joke between us apex users
Sole proprietors get to make all of the business decisions themselves
Wiki User
∙ 7y ago
alexander hamilton
Wiki User
∙ 7y agoA sole proprietors accounts are not available for public inspection and he or she actually own the business. As opposed to a limited company where the directors don't own the company they just direct it.
Wiki User
∙ 15y agoSole proprietors get to make all of the business decisions themselves.
Wiki User
∙ 7y agoease of starting the bussines
Gradpoint- unlimited personal liability
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Is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What is an advantage the owners of sole proprietorship enjoy over the owners of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What is an advantage the owners of a sole proprietorship enjoy over the owner of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What Advantage the owners of a sole proprietorship enjoy over the owner of a corporation?
Sole proprietors get to make all of the business decisions themselves.
What is a major advantage of a corporation?
A major advantage of a corporation is the limited liability of the owners. When a stockholder dies, the corporation is not dissolved.
For accounting purposes the business entity should be considered separate from its owners if the entity is a?
a corporation, proprietorship or a partnership.
What are the sources of capital a sole proprietorship?
owners contribution
What are the three types of business entities and how do they differ?
The three types of business entities are a sole proprietorship, a partnership, and a corporation. A sole proprietorship is owned by one person, a partnership is owned by two or more people, and a corporation is a business entity separate from its owners.
Characteristics of business organization?
Businesses operate to make money. A business can be a proprietorship, partnership or a corporation. The structure of the business is determined by the owners.
An advantage of a corporation is that?
One of the main advantages of a corporation is that it is separate from its owners. Corporations also have the advantage of being able to exist if one or more owners quit or pass away. Corporations also have limited liability protection.
What is corporate and non-corporate form of business?
A corporation is an artificial person, legally independent of its owners and/or operators. The owners of a corporation are its shareholders.A business that is not a corporation legally is just its owners and operators, usually in the form of a sole proprietorship or a partnership.If someone sues a corporation that is as far as it can go, they cannot sue either the owners or operators.If someone sues a business that is not a corporation they are automatically suing all the owners and operators.There are now also other options that limit the ability to sue the owners and operators, but are not corporations (e.g. LLC or LLP).
What major advantages of corporations have given rise to their dominance as form of business organization?
The biggest advantage is that the owners can reduce their personal risk while maintaining individual profit. For example, if you incorporate, and the corporation goes out of business owing money, then the creditors (people that are owed money) have to go after the corporation's assets, and not the owners. The same applies in a lawsuit. If a person has a sole proprietorship, and they go out of business, they can lose their personal assets such as their house to creditors.
