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What are some advantages of the sole proprietorship type of business?
owner of a sole proprietorship gets to keep all profits derived from the operation. The owner may even share any portion of the profits (and losses) with another person or persons. The owner has the authority to make all the decisions
Match each type of business with the person or persons who get to keep the business's profits.?
In a sole proprietorship, the individual owner retains all profits. In a partnership, profits are shared among the partners according to their agreement. In a corporation, profits are distributed to shareholders in the form of dividends, while the corporation itself also reinvests some profits for growth. In a limited liability company (LLC), profits can be distributed to members according to their ownership percentages or as outlined in the operating agreement.
What are the features of sole proprietorship business?
The features of sole proprietorship is that you can keep all of your profits and spend it any way you want it. But you would have to pay everything by your self. Say if you own a pet store that grooms them. And a customer is not satisfied, the customer could sue you and you would be liable for the debts. You might even have to sell some belongs to get the money.
Can a trustee dissolve the charitable trust and keep the profits?
Can a trustee disolvevthe charitable trust and keep any profits
What is the importance of profits?
Profits - Expense = Savings and Investment Profits keep a business going as long is it is more than expense.
If you purchase a franchise all profits you keep?
True :)
What helped farmers keep their profits?
i believe its homestead act n
Advantages of profit and loss?
Advantages of profit and loss? keep track of your profits
Why do businesses need a computer database?
To keep track of what their business needs, the profits, ect.
How can I effectively keep track of my expenses and profits?
To effectively keep track of your expenses and profits, you can use a spreadsheet or accounting software to record all transactions, categorize them accurately, and regularly review your financial statements to monitor your cash flow and profitability.
Dividend Payments?
Corporations have shareholders that invest in their business and expect a portion of the business's profits in return. Dividend payments are part of the shareholders' returns for investing in a business. Corporations have a choice to either reinvest their profits in shares, or keep a portion of the profits and paying shareholders dividends.
The goal of the firm should be?
A firm should focus on providing value to the clients first before making profits. Firms that aim to keep the clients happy will often make more profits.
