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Which one has more advantage, sole proprietorship or partnership business
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[QUOTE="Kingsley, post: 223358, member: 30278"] Hmmm, there is a saying that goes thus; that two good head are better than one. And I think this same principle applies to business rules aswel. When we consider who a sole proprietorship is we will realise that he also referred to as a one man business. The one man business is a business that is managed, financed, And controlled by a single person. This makes it easy for him to make and tank decisions without any form of delays or favouritism. He enjoys all the profits and suffers all the losses alone. The death of a sole proprietor may spell the end of such business. Although due to financial constraints we have So many or majority of the business ventures out there are generally a sole proprietorship outfit. The propensity to grow bigger is somewhat slim with a sole proprietorship. But the partnership business is one which has the advantage to grow bigger and do better because we will have more people pulling more resources together and profits are shared accordingly. The partnership business may have delays in decision making process but they always have a more well robust decision as the ideas will be coming from several individuals. [/QUOTE]
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Which one has more advantage, sole proprietorship or partnership business
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