doctor Proprietorship versus Partnership
I had to mystify a determination to whether become a sole proprietary or a partnership. Within making this decision I reviewed the advantages and disadvantages of each of the two. A sole proprietor is unin corporeald credit linees. touch on proprietor is often called consultants, independent contractors, or freelancers.
According to Advantages and Disadvantages of Sole Proprietorships (2007), an individual proprietor owns and manages the business and is responsible for all business transactions. The owner is also personally responsible for all debts and liabilities incurred by the business. A sole proprietor can own the business for any duration of time and sell it when he or she sees fit. As owner, a sole proprietor can nonetheless pass a business down to his or her heirs (para. 1).
The advantages of a sole proprietorship are that he or she has heavy(p) decision-making and control authority over the business. Transfer or exchange may occur at the discretion of the sole proprietor. A sole proprietor is not required to make corporate tax payments. There will be marginal...If you want to get a full essay, order it on our website: Ordercustompaper.com
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