Business

Classified in Economy

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5. Be able A list at least three advantages and three disadvantages for the three form of Business.



Sole proprietorships



Advantages

Disadvantages

Ease of Start-up

Unlimited liability

Pride of Ownership

Lack of Continuity

Retention of All profits

Lack of Money

No special Taxes

Limited management skills

Flexibility Of being your own boss

Difficulty Inning employees


Partnership



Advantages

Disadvantages

Ease of Start-up

Unlimited Liability

Personal Interest

Management Disagreements

Retetion of Profits

Lack of Continuity

No special Taxes


Cooperation



Advantages

Disadvantages

Limited Liability

Difficulty And expensive of formation

Ease of Raining capital

Double Taxation

Perpetual Life

Lack of Survey

Specialized Management

Conflict Within corpotation



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