Answered

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1. Analyse the benefits and challenges of establishing a company versus other forms of ownership​

Sagot :

Explanation:

Some of the various forms of business ownership include:

  • partnership
  • sole proprietorship
  • limited liability company

The benefits of establishing a company (limited liability company):

  • owners asset are separated from any liability the company incurs > in sole proprietorship the owners personal asset can incur liability.
  • excluded from federal income taxe.

The challenges:

  • requires high setup cost > this is not the case with sole proprietorship.
  • raising capital for operations is diffficult

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