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    What advantages does a sole proprietorship offer? What is a major drawback of this type of organization?

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    What advantages does a sole proprietorship offer? What is a major drawback of this type of organization?

    © BrainMass Inc. brainmass.com June 3, 2020, 6:14 pm ad1c9bdddf
    https://brainmass.com/business/accounting/advantages-sole-proprietorship-offer-52468

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    In the sole proprietorship one person is fully and personally liable for all the obligations of the business including its debts. He/she is also entitled to all of its profits and exercises complete managerial control. There is simply too much responsibility on one person's shoulders and this creates a very risky ...

    Solution Summary

    This solution discusses some of the advantages that a sole proprietorship offers.

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