What are the three primary forms of business ownership? What are the advantages and disadvantages of each?
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The three primary forms of business ownership are 1 Sole proprietorship 2 Partnership 3 Corporation I will briefly explain the advantages and disadvantages of each The advantages of a sole proprietorship are that it is the easiest way to commence a business many provinces do not require any formal registration and the sole proprietor has 100 control over the business and the decision making involved in its operation Some critical disadvantages the sole proprietor is 100 personally exposed to the liabilities incurred by the business the skill set of the business is limited to the skills possessed by the sole proprietor and sole proprietors ...View the full answer
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Muhammad Salman Alvi
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