which one of the following is the most attractive feature of the sole proprietorship?
535021
The most attractive feature is that there is no “double taxation” with proprietorships and partnerships. Proprietorships and partnerships do not pay taxes on profits at the business level.
1332764
['Flexibility. You are way more flexible and able to make the changes necessary to survive than a big outfit. ... ', 'Expertise. Because you are a small business, you are likely focused on a pretty compact skill set. ... ', 'Uniqueness. ... ', 'Satisfaction. ... ', 'Personal Service. ... ', 'Focus. ... ', 'A Great Boss.']
157581
There are three main types of business organizations: sole proprietorship, partnership and corporation. A sole proprietorship is a business owned by one person. The advantages are: the owner keeps all the profits and makes all the decisions.
337242
["Independence and flexibility. You'll have more freedom and independence working for yourself. ... ", 'Personal fulfillment. Owning and running your own business can be more satisfying and fulfilling than working for someone else. ... ', 'Power. ... ', 'Money.']
178130
['Low capital requirement. A good business opportunity should be cheap to finance. ... ', 'Passionate. ... ', 'Matches individual skills. ... ', 'Growth. ... ', 'Reflect environmental realities.']
1014328
['Style of Operation. Is your business going to be formal or elegant? ... ', 'Demographics. ... ', 'Foot Traffic. ... ', 'Parking and Accessibility. ... ', 'Competition. ... ', "Site's Image and History."]
39448
['Separate Legal Entity. An entity means something which has a real existence; a thing with distinct existence. ... ', 'Uninterrupted existence. ... ', 'Limited Liability. ... ', 'Free & Easy transferability of shares. ... ', 'Owning Property. ... ', 'Capacity to sue and be sued. ... ', 'Dual Relationship. ... ', 'Borrowing Capacity.']
600154
1. Describe the basic features that distinguish the four basic forms of business ownership: sole proprietorships, general partnerships, C corporations, and limited liability companies. Sole partnership - the business is owned by a single individual and income will be taxed in business.
701119
['Tax efficient. ... ', 'Limited liability. ... ', 'Separate entity. ... ', 'Professional status. ... ', 'Company pension. ... ', 'Maximising tax-free income. ... ', 'Complicated to set up. ... ', 'Complex accounts.']
296400
Sole proprietorships have several advantages over other business entities. They are easy to form, and the owners enjoy sole control of the business profits. However, they also have disadvantages, the biggest of which being that the owner is personally liable for all business losses and liabilities.
306941
['Sole proprietorship. The most common business structure type is a sole proprietorship. ... ', 'Partnerships. A partnership is a business that two or more individuals own and operate together. ... ', 'Corporation. A corporation, or C Corp, is separate from its owners. ... ', 'S corporation. ... ', 'Limited liability company.']
1371513
['A single seller.', 'No substitutes.', 'Barriers to entry.', 'Almost complete control of market price.']
470915
['Market Size. One of the most important factors when evaluating a business opportunity is market size. ... ', 'Relationships. ... ', 'Ability to Manage Cash Flow. ... ', 'Management Skillsets. ... ', 'Passion and Persistence.']
163977
['Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ... ', 'Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ... ', 'Risk-taking ability. ... ', 'Creative thinking. ... ', 'Persistence.']
1152594
A sole trader has more freedom with decision making compared to a partnership structure, for example. A partnership business structure will most likely involve making joint decisions and sharing the ownership and the direction of the business.
476546
['Sole Ownership. Single person is the owner in this type a of business. ... ', 'Unlimited Liability. ... ', 'Limited Work Area. ... ', 'Sole Right on Capital. ... ', 'Sole Management. ... ', 'No Legal Fornialities. ... ', 'Free to Select his Business. ... ', 'Willful Commencement and Closure.']
520618
Self-employment means that you are the sole proprietor of the business, a member of a business partnership, or an independent contractor. A sole proprietor is a one-person business without a legal entity like a corporation, LLC or partnership. ... A sole proprietorship is typically the easiest business type to start.