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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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    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 ...

    Solution Summary

    Advantages and disadvantages of legal forms of business