CHECK THESE SAMPLES OF The Sole proprietorship
The first of these which will be discussed is that of The Sole proprietorship.... Broadly speaking, The Sole proprietorship is the fastest and the least expensive means of starting a business.... However, this is not to say that The Sole proprietorship is not without its drawbacks (Amato 47).... Like The Sole proprietorship, starting a partnership can be defined as relatively inexpensive and somewhat simple.... Likewise, also comparative to The Sole proprietorship, the risk to personal assets is the same; meaning that a high level of direct personal risk exists for each one of the partners in the same way that it would have a directly invested in a sole provider should themselves....
3 Pages
(750 words)
Term Paper
hellip; Hockey Fantasy is a transparent business shell through which the owner retains personal liability for all debts incurred by The Sole proprietorship.... Contrary to the owner's assertion that GSL may not “pierce The Sole proprietorship's veil”, an explicit admission that he is not a statutory corporate entity, personal liability is indeed the standard result.... This means that the owner is accorded no limited liability under Canadian business organization law; quite the contrary, the owner of The Sole proprietorship is personally liable for all debts incurred by this particular type of business organization....
8 Pages
(2000 words)
Essay
The paper "Business for Sole Owners" presents that under The Sole proprietorship form of business, the owner is fully responsible for the company, and this includes responsibility for acts of negligence.... Under The Sole proprietorship form of business, the business ends either when the person decides to go out of business, or if the person dies or somehow cannot operate the business.... If a worker were to get injured, the sole proprietor could at the minimum have to defend him....
7 Pages
(1750 words)
Case Study
The first advantage of The Sole proprietorship is that there is no application of double tax.... The second advantage of The Sole proprietorship is that it enables the individual to have a reduction in the amount of losses which in turn reduces the total burden of the income tax upon the family, particularly when the sole proprietor is married and has filed a joint tax return (“Doing Business”).... Like The Sole proprietorship, partnership businesses also escape application of double tax....
3 Pages
(750 words)
Essay
he most appropriate form of ownership for an aggressive entrepreneurial firm is The Sole proprietorship since the entrepreneur has the chance of exercising his skills of management and leadership without limits (AllBusiness.... Therefore, an aggressive entrepreneur can realize his full potential through The Sole proprietorship form of business.... On the other hand, Entrepreneurship Entrepreneurship In sole proprietorship, the business is owned by a single person, who operates it together with his own employee....
2 Pages
(500 words)
Essay
The types of the business organizations can be The Sole proprietorship, partnership and the business of corporation.... The Sole proprietorship can be a one person working in a business and this is the most form of business in the world.... In The Sole proprietorship, there are both the advantages and disadvantages which affect the business either directly and indirectly....
4 Pages
(1000 words)
Essay
A tax imposed on The Sole proprietorship is based on the personal income.... This makes it easier to tackle a problem that in The Sole proprietorship.... sole proprietorship is the most available business.... dvantagesThe first advantage of sole proprietorship is that is simple to form.... It is also easy for a sole proprietorship to be sold or passed from one generation to the other.... (Resnicoff, 2006)Thirdly, sole proprietorship has the tax advantage....
2 Pages
(500 words)
Essay
hellip; The author states that these structures are regarded as The Sole proprietorship, partnership, and company.... The Sole proprietorship is one of the business structures that Mr.... John wants to keep all the profits and the decision making authority to himself, he should go for The Sole proprietorship.... Similar to a sole proprietorship, the taxes paid in this form of businesses are paid by the owners of the business in a relation of the percentage of their share of profit from the business (Sba....
2 Pages
(500 words)
Case Study