Sole Proprietorship: Advantages and Disadvantages

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What is the profits tax rate of a sole proprietorship?

10%

25%

20%

15% (correct)

What is the main incentive for the owner of a sole proprietorship?

Having a big team

Enjoying all profits of the business (correct)

Higher salary

Job security

What type of liability does a sole proprietor bear?

No liability

Shared liability

Unlimited liability (correct)

Limited liability

Why is it difficult for a sole proprietorship to raise capital?

Due to its small business size Signup and view all the answers

Why does a sole proprietorship lack continuity?

It is not a legal entity Signup and view all the answers

What is the primary focus of z Ensemble 21 Sceneridia Pa + Pe?

Patent rights Signup and view all the answers

What is a disadvantage of a sole proprietorship compared to a large business?

It is difficult to compete with large businesses Signup and view all the answers

What is the result of a partnership?

Shared profits Signup and view all the answers

What is the characteristic of the Landes tax rate?

Lower than profits tax rate Signup and view all the answers

What is the purpose of Driven of Pane?

To find capital for expansion Signup and view all the answers

What is the outcome of a shared partnership?

Shared risks and profits Signup and view all the answers

What is the consequence if the cops disrupt the shades?

The company's detection of the creep is able to continue. Signup and view all the answers

What is the significance of Wiler scores in the context?

Measuring the capital of a sole proprietorship Signup and view all the answers

What can be inferred about the size of Lamy Masters?

It is a small company Signup and view all the answers

What does ' Pic Al La sfid + Salty Altind' likely refer to?

A company name Signup and view all the answers

What can be inferred about the 'shed' mentioned in the text?

It is a separate entity from some companies Signup and view all the answers

What is a characteristic of a partnership?

Unlimited liability for all partners except limited partners Signup and view all the answers

What happens when a partner makes a wrong decision in a partnership?

All partners are legally bound by the decision Signup and view all the answers

What is a disadvantage of a partnership?

Collective responsibility of faults Signup and view all the answers

What is a characteristic of a limited company?

Limited liability for shareholders Signup and view all the answers

What is a requirement for setting up a limited company?

Registration with the Companies Registry Signup and view all the answers

What is a difference between a partnership and a limited company?

A limited company is a legal entity, but a partnership is not Signup and view all the answers

What is a disadvantage of a limited company?

Higher profits tax rate Signup and view all the answers

Why may managers in limited companies have lower work incentives?

Because they are mere employees of the company Signup and view all the answers

Sole Proprietorship: Advantages and Disadvantages

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