"Company Growth"
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Imagine a startup company of your own and briefly trace its development from a sole proprietorship to a major corporation with a focus on how that development would be financed.
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Solution Summary
This solution briefly describes a start-up company and traces its development from a sole proprietorship to a major corporation with a focus on how the development would be financed.
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Most businesses start as a sole proprietorship (SP). This is the cheapest, easiest form of business ownership and it is perfect, particularly while the business is starting to grow. The main advantage is that after the business begins, the owner isn't certain if the business will be able to survive the first few years, which are generally seen as the most crucial years for long-term success. The main disadvantage is that the SP is generally limited in financing to the owner's means and resources. The owner's ...
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