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What else can I help you with?
What would you choose if you were starting a new business proprietorship partnership or corporation?
i would choose corporation because you will have more freedom.la la la la BOREDOM!
Can a sole proprietorship business exist forever?
No,because it's one man business,death is in evitable.when the owner of business die the business also dies
What are the local sample business unit the various objective that pursue?
If you have read about sole proprietor then i think you should not face any problem because the answer of this question is the objective of sole proprietorship.
What do you mean by entrepreneurial characteristic?
It means having the key factors of a successful entrepreneur; for example, "resilience" is a characteristic of a successful entrepreneur, because resilience means keeping your head up and not giving up. This is a vital characteristic for a successful entrepreneur. Another example is self-confidence; this is another key factor of a successful entrepreneur because an entrepreneur needs to have confidence in themselves that their business/company can be successful, and they need to have the right attitude.
What are the disadvantages having a partnership?
partnership is a mutual agreement between two or more people agree to join a business one acting for all or all of them....but i think partnership has its own disadvantages ...what if a well flourished business earning a lot of profit has to be closed because of some silly conflicts between partners.. one of the biggest disadvantage is that all the partners have to bear an unlimited liability if the business fails to pay its debts to its creditors... moreover if the firm is not registered no one can file a suit agaist it.
In general partnerships differ from a sole proprietorship because a general partnership is characterized by which of the following?
Requires collective decision-making.
Why sole porprietorship is more popular then partnership in Pakistan?
Sole proprietorship is popular than partnership because of the little capital outlay.
Agency problems arise in sole proprietorship or partnership?
DO NOT ARISE TO PROPRIATORSHIP OR PARTNESHIP BECAUSE BOTH OF ARE OWNER OF THE ORGANIZATION THEY HAVE RESPONSIBLE FOR ANY DEBT, THERE IS NO CONFLICT BETWEEN THE MANAGEMENT AND THE OWNER.
Because of the unlimited liability of all partners a general partnership most closely resembles which other business types?
Sole proprietorship
Because of unlimited liability of all partners a general partnership most closely resembles which other business type?
Sole proprietorship
Why might a bank be more likely to loan money to a partnership than to a sole proprietorship?
The reason why partnerships are able to attract more capital than sole proprietorship, is because the article of partnership may specify that the profit be divided equally or by any other arrangement suit able to the partners and proprietorship state ahead in time in the papers that how the profits (losses) will be divided.
What would you choose if you were starting a new business proprietorship partnership or corporation?
i would choose corporation because you will have more freedom.la la la la BOREDOM!
Business of Partnership is expanding Do you agree with the statement?
Business of Partnership is expanding. I really agree with this statement because of the following explanation. Partnership business is expanding more and more in now days because of many clauses of the other type of businesses. There are many reasons for the expansion of the partnership business. Few of them are discussed follows. Because in other type of businesses, there are no such type of characteristics which are in the partnership. For example, in sole proprietorship business the owner of the business feels more stress on him and due to which he cannot work properly and for some instance he work properly, then he could not continue to work in the same rhythm. And in partnership business all the burden divided equally by the members or according to the agreement deed which they signed. The attitude of the people is devolving more towards the partnership because they feel much more relaxation as compare to sole proprietor.
What are the benefits from soleproprietership partnership and corportations?
I would assume that a sole proprieter can file bankruptcy ,because they own there business. It's not like a partnership where two people have decided to go into business together and then then one decides to go file bankruptcy. It doesn't work that way! If a partnership files for bankruptcy then there should be an agreement between the two of them that the business is failing .
Why is camelbak products an llc?
Presumably because they want to be. There are some tax advantages to being an LLC (specifically, LLCs usually get to choose whether to be taxed as a sole proprietorship, a partnership, an S corporation or a C corporation, depending on what is most favorable to them/their owners).
Can you sue a sole proprietorship for damages or legal issues?
Yes, you can sue a sole proprietorship for damages or legal issues because the owner of a sole proprietorship is personally liable for the business's debts and obligations.
Why the sole proprietorship have unlimited liability?
Because the sole proprietorship has no separate personality from proprietor/owner and will regarded one and the same person.
