SOLE PROPRIETORSHIP - Advantages & Disadvantages
Easy to form
Unlimited liability
Difficult to raise funds
Control over decisions
Advantages
Disadvantages
Partnership - Advantages & Disadvantages
Potential for conflict
Unlimited liability
Shared losses
Specialized skills
Advantages
Disadvantages
Corporation - Advantages & Disadvantages
Limited Liability
Double taxation
Easier to raise funds
More regulations
Advantages
Disadvantages
Business Organization Key Term Practice
| Stavka koja se može prevući | arrow_right_alt | Odgovarajuća stavka |
|---|---|---|
limited liability | arrow_right_alt | firms legally owned by only one person. |
corporation | arrow_right_alt | firms legally owned by two or more people |
stocks | arrow_right_alt | firms legally owned by stockholders |
sole proprietorship | arrow_right_alt | portion of a firm's profits that are distributed to shareholders |
unlimited liability | arrow_right_alt | shares of a company that can be purchased or sold on an exchange |
dividend | arrow_right_alt | owner(s) is responsible for firm's debts |
partnership | arrow_right_alt | responsibility for business debts are restricted to the shares of stock |