Thursday, October 7, 2010

Advantage & Disadvantage of Diff. types of buisness

~SOLE PROPRIETORSHIP~
The Advantage of a Sole Proprietorship is you don't need to share you investment,or money you get from your business.
And the Disadvantage of a Sole Proprietorship is when you get bankrupt your the only one who will suffer from it.
~PARTNERSHIP~
The Advantage of a Partnership is you have someone to share with the problem of the business.
The Disadvantages of a Partnership is the income of your business will be divided with the numbers of partners you have.
~CORPORATION~
The Advantage of a Corporation is you have many capital with you,because of the stockholders in your corporation.
The Disadvantage of a Corporation is you are monitored by the government and obligated to give resits.