answersLogoWhite

0


Best Answer

Despite limitations of size and resources, many people continue to prefer the sole proprietorship over other forms of organizations because of its easy to form and close, due to fast decision making.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Despite limitations of size and resources many people continue to prefer the sole proprietorship over other forms of organizations Why?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Despite limitations of size and resources many people continue to prefer the sole proprietorship over other forms of organizations Why-?

Despite limitations of size and resources many people continue to prefer the sole proprietorship over other forms of organizations because in sole proprietorship you are your own manager.


Why profit is a requirement in business?

There are Non-profit organizations. Ask yourself the questions "Why would I want to do this business?" and you can answer this question. If you still can't, the next question "How can I continue to run this business?" will help.


How long can collection agencies continue to send letters after the 7 year statute?

The statute of limitations applies to the length of time derogatory information, (late payments, legal actions and collection accounts) can appear on your credit report. There is a separate statute of limitations regarding the length of time you can be sued over a debt. This is established by state, rather than federal, law and varies by state. Even if you wait until a collection account falls off of your credit report; you still owe the debt. Collectors can, and will, continue to try to collect it until you pay it.


Can collection agencies sell your old debt to keep it active?

YES, but there may be statutes of limitation in your state of residence when you incurred the debt, regarding a particular type/category of debt -- you would have to check further along that line. If the debt is not of a category having statutes of limitations, then the creditors can continue collection effort or resell the debt to a collection agency (that can then continue the collection effort) pretty much until they decide to quit spending time and resources on the effort. Even your death won't prohibit creditors from pursuing your estate. This is a primary reason for the existence of personal bankruptcy -- to legally terminate some or all debt that you are not capable of paying.


If you reach the 401K contribution limit before you turn 50-years-old can you continue contributing to your plan after you are 50 to account for the catch-up limit?

The Human Resources office where you work should be able to get an answer for you.

Related questions

Despite limitations of size and resources many people continue to prefer the sole proprietorship over other forms of organizations Why-?

Despite limitations of size and resources many people continue to prefer the sole proprietorship over other forms of organizations because in sole proprietorship you are your own manager.


What is the statute of limitations for debt collection in Michigan?

There is no statute of limitations for debt collection in Michigan. You can continue to collect as long as the debt is owed. The debt can be sold as well.


What did Japan do for resources in Pearl Harbor?

Japan had the resources for an attack on Pearl Harbor. They simply needed more resources to continue the war.


Why should you conserve resources?

So people can continue using them


What does limitations?

Limitations are restrictions, curbs, restraints, constraints, controls, boundaries and checks that are placed on something. Also legally they are specified periods beyond which an action may be defeated or rites do not continue.


Why is it impossible for exponential to continue forever?

Organisms start to compete for resources.


How much longer can Moore's law continue before fundamental physical limitations are reached?

10 to 20 years.


Does BitTorrent continue downloading when the computer is on sleep mode?

Bittorrent will continue to work in the background.Most of these type program use few resources.


Harm if you not conserve natural resources?

Many natural resources are finite or limited. If they are not conserved and continue to be wasted as they are now, they will eventually run out.


What do you think will happen if human population will continue grow every year?

If it continues, the country's resources will be degrading and at last there will be a demand in food and resources.


Can you get a loan modification with another property?

Yes, well I can anyhow. A lot of organizations can't. They are a bit harder but they have been and will continue to be dome.


What is conservation resources?

We must keep the resource's importance in mind and use them judiciously so that they continue to be available to us for a long time. This practice is known as Conservation Of Resources