News & Updates:
Like the website?
|
BUSINESS DISADVANTAGES OF OPERATING AS A SOLE PROPRIETOR
|
Articles In This Section:· BUSINESS ADVANTAGES AND DISADVANTAGES OF STOCKHOLDER REPORTING OFCORPORATE INCOME
|
||||
|
Unlimited personal liability for your business debts.
Death or disability of the proprietor means termination of the business. Natural limitations of the ability and energy of a single individual restrict the size and growth of the enterprise. Your personal life, domestic or economic, affects the durability and stability of your organization. Your credit line is limited to your personal credit standing. Now that you have read the above lists and matched them with your personal circumstances, you should have some idea of whether the sole proprietorship form is suitable for your enterprise. Assuming that you have decided in favor of this form of operation, continue reading this chapter. If for some reason you have decided against this form of operation, skip the rest of this section and continue on to page 17.
| ||||||
|
 Subscribe                       
Add URL - buildingyoursuccessfulbusiness.com Blog
Related terms you should consider: business management and economics and small business valuation - Also see broadway shows for good info. All Rights Reserved. - Site Map - Privacy Policy - Disclaimer - Terms of Use - Contact |
||||||
