MAN101_Chp4

MAN101_Chp4 - Business Ownership Financing Employees...

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Business Ownership 1 Financing? Employees? Business taxes? Debt liability? Operating control? Ownership?
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Sole Proprietorships What are the advantages and disadvantages of the sole proprietorship form of business organization? 1
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Sole Proprietorship A business that is established, owned, operated, and often financed by one person. 2 Sole Proprietorships
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Sole Proprietorships 1 Advantages Advantages Easy and inexpensive to form Profits go to the owner Direct control of the business Freedom from government regulations No special taxation Ease of dissolution Disadvantages Disadvantages Unlimited liability Difficulty raising capital Limited managerial expertise Trouble finding qualified employees Personal time commitment Unstable business life Losses are owner’s responsibility
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What are the advantages of operating as a partnership, and what downside risks should partners consider? 2
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MAN101_Chp4 - Business Ownership Financing Employees...

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