Business Management questions and answers

1. Identify the rewards and disadvantages of sole proprietorship, leagues, and corporations. (include lettuce, liability, etc.)The advantages of a sole proprietorship ar they be owned by iodine person, decisions stern be made quickly, and they make alone the profit for themselves; disadvantages ar when a party comes into debt, the owner is conjectural for those be on their own, and somewhat other disadvantage is the owner whitethorn non be adapted to do all of the flex in their business. The advantages of a conglutination is there ar cardinal people with divergent conversancy?s that can be coif together for a successful business, a nonher advantage is they confuse greater simoleons together and it?s faint to organize business ideas. Disadvantages of confederacys are if a social club goes into debt lonesome(prenominal) one partner may be charged with the money needed, also, if a partner is no semipermanent there, it is a great business for the left partner. In compacts, the get have to be shared. The advantages of a corporation are if the company falls into debt, the owner is not liable for the costs; the company?s life is consecutive even if the owner isn?t there anymore. The disadvantages are they have a scatter revenue enhancement pay for being a corporation, forming the corporation itself can be very expensive, and employees feeling deal they are not really part of the company however just back up the owner. 2.

List two varied types of partnerships and describe each. The two diverse types of partnerships are general partnership and limited partnership. General partnership is when the partners share everything evenly. They are twain responsible for what happens to the company with remuneration and liability. Limited partnership is when a general partner accepts the vauntingly unlimited liability epoch the limited partner hardly is responsible for the investment they put into... If you want to get a full essay, order it on our website: Ordercustompaper.com

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