What is sole proprietorship

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Reference no: EM133673196

Questions

1. What is a sole proprietorship? Discuss several advantages of it.

2. Contrast how profits are distributed in sole proprietorships, partnerships, and corporations.

3. Which form of business organization has the least government regulation? Which has the most?

4. Compare the liability of the owners of partnerships, sole proprietorships, and corporations.

5. Discuss the principal reasons for the high failure rate among small businesses.

6. What type of preparation should an individual have before starting a small business? What are the risks if this individual does not have this preparation?

Reference no: EM133673196

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