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It is simple, because the LLC which is increasing has more advantages than the proprietorship. Now let me list two huge disadvantages of proprietorship.
1) Unlimited Liability- This means that if you have the risk of losing everything that you own including your personal properties and assets if you run out of business or if somebody sues your company, they can take everything away from you including your personal assets and property. That is just not good.
2) Lack of Continuity- When you die, your company dies with you. There is nobody to run your business after you,the sole proprietorship is gone. As simple as that.
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∙ 14y ago
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What example of entrepreneurship?
Example of enterpreneurship are sole properietorship.
What is an example of entrepreneurship?
Example of enterpreneurship are sole properietorship.
What was the demand of the populist?
decreased Immigration
Why has co2 in the air decreased?
It hasn't decreased.
Has bullying numbers decreased?
Yes i decreased
How do you spell decreased?
You spelled decreased correctly. Example: His financial worries decreased after he found a job.
What was a demand of populists?
Decreased immagration Apex :)
Is accounts receivable increased or decreased by a credit?
decreased
What does decreased meann in mathh?
Decreased means reduced in math.
What is 320 decreased by -20?
320 decreased by -20 = 300
What is 36 is decreased to 18?
Cut in half, decreased by 50%.
How much has earth magnetic field decreased?
There is no evidence that it has decreased.
