Write two disadvantages of a sole proprietorship
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- Write two disadvantages of a sole proprietorship
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- What advantages does a sole proprietor offer? What is a major drawback of this type of organization?Owners have no personal liability under which legal business structure? A. a corporation B. a partnership C. a sole proprietorship D. There is liability in every legal business structure.What are disadvantages of proprietorship and partnership?
- Explain Sole Proprietorships?Discuss the advantages and disadvantages of a. Sole Proprietorship b. Partnership c. Corporation d. CooperativeWhat is the legal relationship of a sole proprietorship to its owner? A. The owner and the sole proprietorship are considered to be the same legal entity. B. A sole proprietorship can survive the death of its owner. C. The owner can shelter profits of a sole proprietorship from taxation. D. Then owner is not liable for debts incurred by the sole proprietorship.
- define sole proprietorship, and explain the six advantages and six disadvantages of this ownership model.A benefit of a sole proprietorship is that liability is limited to that of the business financial and assets not the personal assets of the owner/proprietor. true or falseHow does a sole proprietorship differ from a partnership?