What are the advantages/disadvantages of the different legal forms of business organizations?© BrainMass Inc. brainmass.com June 4, 2020, 1:04 am ad1c9bdddf
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
No continuity as business is terminated on owner's death.
Partnership - A written or ...
Advantages and disadvantages of legal forms of business