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Important information about Legal forms of business

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What are the advantages/disadvantages of the different legal forms of business organizations?

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Advantages and disadvantages of legal forms of business

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Sole Proprietorship - The founder and owner of the business are the same.
Owner in control
Low start up cost
Freedom from regulation
Owner receives all profits
No business tax
Decision making rapid
Issues raising capital
Unlimited liability
No continuity as business is terminated on owner's death.

Partnership - A written or ...

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