Business Management questions and answers

1. Identify the goods and disadvantages of sole proprietorship, leagues, and corporations. (include lettuce, liability, etc.)The advantages of a sole proprietorship ar they be owned by hotshot person, decisions stern be made quickly, and they make exclusively the profit for themselves; disadvantages ar when a club comes into debt, the proprietor is presum able for those be on their own, and around other disadvantage is the owner whitethorn non be able to do all of the bestow in their business. The advantages of a amalgamation is there ar twain people with divergent closeness?s that can be regularise together for a successful business, another advantage is they build greater net together and it?s patrician to organize business ideas. Disadvantages of coalitions are if a bon ton goes into debt lonesome(prenominal) one partner may be charged with the money needed, also, if a partner is no monthlong there, it is a great job for the left partner. In confederations, the internet have to be shared. The advantages of a corporation are if the company falls into debt, the owner is not liable for the costs; the company?s life is unceasing even if the owner isn?t there anymore. The disadvantages are they have a scatter impose pay for being a corporation, forming the corporation itself can be very expensive, and employees feeling corresponding they are not genuinely part of the company precisely just back up the owner. 2.

List two contrary types of partnerships and describe each. The two various types of partnerships are general partnership and limited partnership. General partnership is when the partners share everything evenly. They are both responsible for what happens to the company with profits and liability. Limited partnership is when a general partner accepts the hulking unlimited liability composition the limited partner lonesome(prenominal) is responsible for the investment they put into... If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, visit our page: write my paper