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Why are most firms sole proprietorships what advantages do they have over other types of organizations?
Wiki User
∙ 11y ago
They are easily formed, management is in one person hands, and frofits are not shared
Jasen Runte
Wiki User
∙ 12y agoA.
They are easily formed, management is in one person's hands, and profits are not shared.
B.
They get special tax breaks and there is limited liability for debts.
C.
They can easily borrow money and seldom go bankrupt.
D.
They are the most easily expanded with great opportunities for acquiring additional financial capital.
Wiki User
∙ 11y agoThey are easily formed, management is in one person hands, and frofits are not shared
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