Identify the advantages and disadvantages of each of the following forms of business organization: (a) Proprietorship, (b)
Question:
(a) Proprietorship,
(b) Partnership,
(c) Private corporation, and
(d) Public corporation.
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Step by Step Answer:
a Proprietorship Proprietorships are easier to form and dissolve than other types of business organizations They are not taxed as separate entities rather the proprietor pays personal income tax on th...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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