Purchase Solution

advantages and disadvantages of business organizations

Not what you're looking for?

Ask Custom Question

What are the advantages and disadvantages of the different forms of business organizations?

What are the differences among the various types of corporations?

Purchase this Solution

Solution Summary

The advantages and disadvantages of the different forms of business organizations are examined.

Solution Preview

There are four main types of businesses:
<br>1. Sole Proprietorship
<br>2. Corporation
<br>3. Partnership
<br>4. Joint Venture
<br>Operating as a sole proprietor is certainly the easiest and cheapest form of doing business. You basically open the doors and go. The temptation to operate this way is great and many succumb. The shortcomings of this form of business are great also. There is absolutely no protection between you and your business and there are no tax benefits. There are no particular record keeping requirements which is quite easy but often leads to sloppy business practice. Sloppy business creates poor decision making and sets up ...

Purchase this Solution

Free BrainMass Quizzes

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.


This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.