Advantage and disadvantage of sole proprietorship, Finance Basics

Assignment Help:

Advantage and Disadvantage of Sole Proprietorship

Advantage of Sole Proprietorship

  • High supervision of employees
  • Income motivate owner
  • Sole trade mostly skilled in the business as good for competition
  • Low bureaucracy as less time wasted

 

Disadvantages of Sole Proprietorship

  • Short economic life consequently does not attract long-term finance, hence, limited growth and expansion.
  • Boundless liability
  • Success depends on capability or judgment of owner

Related Discussions:- Advantage and disadvantage of sole proprietorship

Hatch system - stock exchange, Hatch System - Stock Exchange This is a...

Hatch System - Stock Exchange This is an automatic system based on the assumption such when investors sell at a certain percent age below the top of the market and buys at a s

Capital market - financial markets, Capital Market - Financial Markets ...

Capital Market - Financial Markets These are markets for long term funds along with maturity time of more than one year. As like of financial instruments required here are deb

Type of partnerships, Type of Partnerships There are two main kinds of ...

Type of Partnerships There are two main kinds of partnerships. Namely: Ordinary Partnership - An ordinary partnership is one in which all members have unlimited liability.

Working Capital, AsStudents will analyze and synthesize the financial repor...

AsStudents will analyze and synthesize the financial reports of an organization of their choice and present their findings in a PowerPoint presentation (with completed Notes sectio

Taxes, ADan lives in Duncan, a small town in Arizona. Because of a rare blo...

ADan lives in Duncan, a small town in Arizona. Because of a rare blood disease, Dan is required to take special medical treatments once a month. The closest place these treatments

Distribution policies and fiscal, Distribution Policies   ...

Distribution Policies   Most Recent Fiscal Year Fiscal Year (-1) Fiscal Year (-2) Fiscal Year (-3)

Miller-orr model, Miller-Orr Model Unlike the Baumol's Model, Miller-O...

Miller-Orr Model Unlike the Baumol's Model, Miller-Orr Model is a stochastic or like probabilistic model that creates the more realistic assumption of doubt in cash flows.

Venture Capital, In Term Sheets, what are the outcomes of Economics and Con...

In Term Sheets, what are the outcomes of Economics and Control?

Determine the utility of the entrepreneur, Suppose an entrepreneur owns a f...

Suppose an entrepreneur owns a firm which has two production opportunities. Technology A generates an output (net profit) of 10 in state 1, an output of 20 in state 2, and an outpu

List three career opportunities in the field of finance, List and describe ...

List and describe the three career opportunities in the field of finance. Finance has three major career paths that are financial management, financial markets and institutions

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd