Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
advantages and disadvantages of sole proprietorship and partnership business.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Richee84, post: 267448, member: 42448"] Sole proprietorship is a form of business owned by one single individual or by one man while partnership is a form of business owned by two or more person base on their partnership deed. These two type of business has their own advantages and disadvantages respectively. Some of these advantage and disadvantage are listed below; ADVANTAGES OF SOLE PROPRIETORSHIP 1) Easy to start; One of the advantage of a sole proprietorship is that is very easy to start since is been own and control by one person. The capital to start the business is relatively small in nature. 2) Fast decision making; Because of the nature of this kind of business, decision making is very fast since is only one person that take decision for the business. 3) Profit Sharing; The profit on a sole proprietorship is own by the owner alone and he or she will not share his or her profit with anyone else. DISADVANTAGE OF A SOLE PROPRIETORSHIP 1) Risk taker; In sole proprietorship the owner bear the risk of the business alone. So if there is looses in the cost of the business, he bear the looses alone. 2) Access to large capital or loan; Due to the size of this kind of business, there is always a limit to the capital or loan they can access. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
advantages and disadvantages of sole proprietorship and partnership business.
Top