Shared Flashcard Set
Cards
Term
Sole Proprietorship: Definition |
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owned/controlled by one person |
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Sole proprietorship:Characteristics |
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Most Common Highest Risk of Failure |
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Sole Proprietorship:Advantages |
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*Requires small amounts of capital *quick decision making and total control *easy, few legal considerations *receive all profits *very satisfactory in businesses success |
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| Sole Proprietorship:Disdvantages |
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