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Disadvantages of sole proprietorship
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[QUOTE="Chibson, post: 215462, member: 27553"] [FONT=Georgia][I]Sole proprietorship business have some advantages and disadvantages also the same [/I][/FONT][I][FONT=Georgia]with partnership business. Before you go into any business you must make proper research and evaluation to see whether you can be able to run that particular business alone or look for a partner. When you might have evaluated and know the advantages and disadvantages that you can make your decision to see if you would go into the business alone or not. Before you go into sole proprietorship business you must understand that all the financial burdens that comes with it is going to be handled by only you and all the risks that also comes with it is also going to be handled by you alone. In partnership business, there are some certain situations in which all the members of the business come together to pull money together in order to achieve a particular purpose but a sole proprietorship business reverse is always the case. Another thing about sole proprietorship business is that there is limited ideas because it is being run by one person and it is going to be based on one person's ideology and perspective. Sometimes such businesses cannot really go far but in some cases it does.[/FONT][/I] [/QUOTE]
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