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
Which one has more advantage, sole proprietorship or 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="arunima25, post: 233903, member: 30475"] They both will come with their own pros and cons. And what will work best will vary from situation to situation and person to person. Some people are sole player and getting with others or sharing their power and responsibilities with others is a challenge to them. Partnership in the business might not be their cup of tea. But there are people who are effective and efficient with their interpersonal skills and work well in a team. They can go well with the partnership as it doesn't stress them out. Now, another important factor that is important in a partnership is the transparency and trust between the partners. And the terms and regulations should be clearly stated without any ambiguity. Being a solo owner means bearing everything alone be it financial responsibility, work, effort etc. But then you get to enjoy the success and profit all by yourself without having to share it with others. Having partners help you get somebody to share the workload as well as your financial burden. And also you get better suggestions and ideas as there is more than one gead to work on. So, if you have a good trust and a sound legal structure in place where one partner can't take advantage of other, one can see it as a viable option. Also the amplitude of business matters.Small businesses are easy to run solo but notbthe huge ones. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Which one has more advantage, sole proprietorship or partnership business
Top