Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. compare and contrast (advantages and disadvantages

Compare and contrast (Advantages and disadvantages) the three different forms of company ownership. For each, recommend...

90.2K

Verified Solution

Question

Finance

Compare and contrast (Advantages and disadvantages) the threedifferent forms of company ownership. For each, recommend the typeof company that should use that form of ownership.

Answer & Explanation Solved by verified expert
3.9 Ratings (659 Votes)
Particulars Advantages Disadvantages Sole proprietorship 1 It is way easy to set up no paper filing is required and is with least formalities 2 No registration required 3 Complete control and ownership 4 Easy to liquidate 1 Unlimited liability personal properties can be attached in case of default 2    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Compare and contrast (Advantages and disadvantages) the threedifferent forms of company ownership. For each, recommend the typeof company that should use that form of ownership.

Other questions asked by students

Q

Using the data from 15 automobile accidents, the correlation coefficient between the combined speeds of the...

Statistics
Q

The figure shows a conical pendulum, in which the bob (the small object at the lower...

Physics
Q

Consider the following results for two independent random samples taken from two populations. Sample 1: n1 = 40 x?1...

Basic Math
Q

Match each sequence to a good candidate for a closed form. Note that for each of...

Advance Math
Q

Exercise 1 Electrons are accelerated by the voltage U 150 V Calculate the wavelength of...

Physics
Q

You have 1 kg of water and you want to use that to melt 0.1...

Physics
Q

23 In the situation shown the currents through 3 22 and 2 2 resistances are...

Physics
Q

x 5x 24 x 0x 0x 8

Algebra
Q

pleasw show ste Last year Minden Company introduced a new product and...

Accounting
Q

The following pre-closing accounts and balances were drawn from the records of Carolina Company on...

Accounting
Q

Enviro Company issues 8%,10-year bonds with a par value of $160,000 and semiannual interest payments....

Accounting
Q

The Collyer Corporation is authorized to issue 100,000 shares of $1 par value common stock....

Accounting