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Requirement 1 What are the four primary disadvantages to the sole proprietorship and partnership forms...

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Requirement 1 What are the four primary disadvantages to the sole proprietorship and partnership forms of business organization? Unlimited liability Limited life Difficulty in transferring ownership Hard to raise capital funds Requirement 2: What benefits are there to these types of business organization as opposed to the corporate form? Simpler Less regulation The owners are also the managers Sometimes (Click to select) Personal tax rates are better than corporate tax rates Hard to raise capital funds Difficulty in transferring ownership Unlimited liability Limited life Requirement 1 What are the four primary disadvantages to the sole proprietorship and partnership forms of business organization? Unlimited liability Limited life Difficulty in transferring ownership Hard to raise capital funds Requirement 2: What benefits are there to these types of business organization as opposed to the corporate form? Simpler Less regulation The owners are also the managers Sometimes (Click to select) Personal tax rates are better than corporate tax rates Hard to raise capital funds Difficulty in transferring ownership Unlimited liability Limited life

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