Ask Question

List all the advantages and disadvantages of owning a Sole Proprietorship

+3
Answers (1)
  1. 8 July, 02:29
    0
    There are several types of advantage as well as disadvantage s

    Advantage:

    It is very simple to organize, it can easily upgrade The process of tax filing is simple There is no doubt in taxation The complete control is in hand of one person

    Disadvantage:

    There is unlimited liability in one person There is 15.3% self-employment tax must be paid by owner on his earning Funding comes from only personal savings
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “List all the advantages and disadvantages of owning a Sole Proprietorship ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers