Masi
Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Why are most firms sole proprietorships -- what advantages do they have over other types of organizations?
A. They are easily formed, management is in one person's hands, and profits are not shared.
B. They get special tax breaks and there is limited liability for debts.
C. They can easily borrow money and seldom go bankrupt.
D. They are the most easily expanded with great opportunities for acquiring additional financial capital.

Sagot :

A. They are easily formed, management is in one persons' hands, and profits are not shared.
This creates a business, with a uniquely independent touch. The business is owned and is run by one single person and he/she has sole control of all of the different aspects of the businesses' finances. This is the complete opposite of a partnership, as a proprietorship belongs to one person and is not a company that has been merged. Most proprietorships start as small businesses where the owner has to take a loan and put his or her own money into funding the business he desires.
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.