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Advantages. Choose hours of work. Make your own decisions. All the profit made is your own. Claim expenses and certain costs (car, phone, some entertainment) against tax.
Disadvantages. No sickness pay. No set holiday pay. Job security is not a fact. The time consuming accounting is done in your own "free" time. Continuity of work. etc.
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Sole proprietorship advantages and disadvantages?
Sole Proprietorship Disadvantages:- 1- Unlimited liability 2- limited source of funds 3- Managerial abilities 4- Operational disadvantage 5- Continuity 6- Expansion Advantages :- 1- Ease of formation 2- Flexibility 3- Credit standing 4- Taxation 5- Legal status 6- Secrecy 7- Relationship with Customers 8- Minimum legal restriction
What are the advantages of sole proprietor?
The main advantages of a sole proprietorship are: 1) You have complete control of the decision making of the business, 2) Sale or transfer can only take place at your consent, 3) No corporate tax payments, 4) Minimal legal costs to form a sole proprietorship, and 5) Few formal business requirements.
Which disadvantage of sole proprietorship does the partnership tend to eliminate or reduce?
Sole proprietorship has disadvantages, such as unlimited liability and limits on one person’s ability to borrow or to be an expert in all fields. As a result this form of ownership accounts for only 4% of total revenues if compared with partnerships and corporations
4 disadvantages of using multimedia communication in a business?
No
Advantages and disadvantages of databases?
Advanages: 1) Secured data 2) Reduced data redundancy 3) Controlled data inconsistency 4) Integrated data 5) Standardized data 6) Shared data Dis Advantages: 1) Security may be compromised without good controls 2) Extra hardware may be required 3) System is likely to be complex 4) Performance overhead may be significant.
Sole proprietorship advantages and disadvantages?
Sole Proprietorship Disadvantages:- 1- Unlimited liability 2- limited source of funds 3- Managerial abilities 4- Operational disadvantage 5- Continuity 6- Expansion Advantages :- 1- Ease of formation 2- Flexibility 3- Credit standing 4- Taxation 5- Legal status 6- Secrecy 7- Relationship with Customers 8- Minimum legal restriction
What are 4 types of business organizations?
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What are the advantages and disadvantages in mammalogy?
4 years in college
What are the advantages of sole proprietor?
The main advantages of a sole proprietorship are: 1) You have complete control of the decision making of the business, 2) Sale or transfer can only take place at your consent, 3) No corporate tax payments, 4) Minimal legal costs to form a sole proprietorship, and 5) Few formal business requirements.
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Advantages and Disadvantages of primary data are: Advantages 1. Data is basic 2. Unbiased information 3. Original data 4. Data from the primary market/ population 5. Data direct from the population. Disadvantages. 1. Large volume of data. 2. Huge volume of population. 3. Time consuming 4. Direct and personal intervention has to be there. 5. Raw data.
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What are the advantages and disadvantages of data entry?
i dont noand i dont carey arnt u tellin me da answer 4
What are the advantages and disadvantages of being a marine?
advantages- IT IS BEST FOR TRAVEL WITH HIGH SALARY.disadvantages of being a marine engineer- AWAY FROM HOME 4 MANY DAYS, AND BELIEVE ME THE JOB IS HELL 4 ONES NOT ADDICTED TO SEA.
What are the advantages and disadvantages of being a marine engineer?
advantages- IT IS BEST FOR TRAVEL WITH HIGH SALARY.disadvantages of being a marine engineer- AWAY FROM HOME 4 MANY DAYS, AND BELIEVE ME THE JOB IS HELL 4 ONES NOT ADDICTED TO SEA.
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