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Proprietorships and Partnerships: pros and cons

Critique the benefits and drawbacks of proprietorships and partnerships as a form of business organization.

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A sole proprietorship, or single owner business, has pros and cons. First, the pros are that the owner can control the activity without complaint from others. The owner is the sole decision-maker. Employees and vendors can voice their opinion but the final say-so rests with the owner. He or she is king of the business. Another pro is that the owner can move quickly and respond to threats and opportunities quickly because they don't ...

Solution Summary

Your tutorial is 321 words and gives several pros and cons of both forms.