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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.
What else can I help you with?
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
Has bullying numbers decreased?
Yes i decreased
What was a demand of populists?
Decreased immagration Apex :)
How do you spell decreased?
You spelled decreased correctly. Example: His financial worries decreased after he found a job.
How do you use decreased in a sentence?
Evening had come and the temperatures had decreased now.
Is accounts receivable increased or decreased by a credit?
decreased
What is nineteen decreased by six?
19 decreased by 6 is 13.
How much has earth magnetic field decreased?
There is no evidence that it has decreased.
What is 60 decreased by 40?
60 decreased by 40 is 20.
What is 56 decreased by 4?
56 decreased by 4 is 52.
