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Which one has more advantage, sole proprietorship or partnership business
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[QUOTE="Augusta, post: 239860, member: 25283"] In as much as I will still recommend partnership business anyday anytime but I think I still prefers sole proprietorship because of the advantages that comes with it. The following advantages suffice Quick decision making: With sole proprietorship you are sure going to take immediate decision on an issue that would have dragged for days if it was the partnership kind of business. So the swiftness decision making for the business makes sole proprietorship enticing for me. profit monopoly: This is another sweet part of practicing sole proprietorship you get to enjoy all the hard work alone unlike when you have a partner that you would need to share your profit with whether the person dwarves it or not. For the mere fact that was the agreement you would still need to share the profit. privacy: You share the secrets and every other things that concerns the business with this partner and if you meet a bad partner they can steak your ideas and start their own business. But for sole proprietorship there's absolute privacy.You don't even need to share sensitive information concerning the business to your workers if any. So there are numerous reasons that owning your business and running it is a lot better. [/QUOTE]
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Which one has more advantage, sole proprietorship or partnership business
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