Proprietorship
What is one advantage of owning a proprietorship?
What is complete control over the business?
Name one advantage of having a partnership.
What is shared decision-making?
How can a corporation raise capital?
What is by issuing stock?
What is a disadvantage of a proprietorship compared to other business forms?
What is personal liability for all risks?
In a partnership, what are partners personally liable for?
What are business debts?
What is one disadvantage of a corporation?
What are more regulations and taxation?
How easy is it to establish a proprietorship compared to other business forms?
What is easier to establish?
What is a potential disadvantage of partnerships?
What is shared liability for debts?
How does the liaility of shareholders in a corporation differ from that of a proprietor?
What is shareholders are not personally liable for business debts?
What is a disadvantage of proprietorship compared to other business forms?
What is personal liability for all risks?
In a partnership, what are partners personally liable for?
What are business debts?
What is one disadvantage of a corporation?
What are more regulations and taxation?
What is easiest to establish?
What is a potential disadvantage of partnerships?
What is shared liability for debts?
How does the liability of shareholders in a corporation differ from that of a proprietor?
What is shareholders are not personally liable for business debts?