Ask Question
Social StudiesSocial Studies
8 July, 02:07

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
You Might be Interested in
Which is an example of a citizen action?
Answers (2)
What is the order in which the description of a recorded plat property presented?
Answers (1)
What is the usual result when thr ocean breaks pebbles into smaller and smaller pieces?
Answers (2)
The United Nations' Security council was a. made up of ten permanent members. b. made up of all member nations. c. made up of temporary and permanent members. d. the UN president and other heads of state.
Answers (1)
In conversation, research shows that a. men play up their expertise and use it to dominate the conversation. b. women seek to share feelings and establish closer relationships. c. men try to dominate conversations with men as well as with women. d.
Answers (1)
New Questions in Social Studies
Did all the colonies have the same government?
Answers (2)
Wade's divorced mother is the custodial parent and she married a man with three children of his own. They all live together in a new house. What type of family does Wade live in?
Answers (1)
6. Confirm if the following statements are true or false. TrueFalse a. You cannot really do much to anticipate the types of questions that your interviewer will ask. b. You should not treat your interviewer like your friend.
Answers (1)
Quizzing yourself the morning of the test is a waste of time. If you don't already know the information, it's too late. True or False
Answers (2)
Explain how connie's culture and societal perspectives about beauty and sexuality contribute to the practice of victim blaming. has society today changed or is this belief still relevant? explain.
Answers (1)
Home » Social Studies » List all the advantages and disadvantages of owning a Sole Proprietorship
Sign Up Forgot Password?