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Disadvantages of sole proprietorships-general partnership

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Compare and contrast the advantages and disadvantages of sole proprietorships and general partnerships. The advantage of a sole proprietorship is that the owner makes the decisions of the company's path, and keeps all the profit. The disadvantage is that the owner is responsible for all debts as well. In general partnership, the profit as well as the debts are shared between partners.

Reference no: EM133183729

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