Unformatted text preview: number of sole proprietors and partnerships exceeds the number of corporations, the level of sales and profits generated by corporations are much greater. Number of partners The informality of decision making in a partnership tends to work well with a small number of partners. Having a large number of partners, particularly if all are involved in operating the business, can make decisions much more difficult....
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- Spring '09
- sole proprietors, critical decisions, regular involvement, formal meetings, relative lack, additional approvals