History, 24.08.2019 15:00 Morganwing1019

Why are most firms sole proprietorships -- what advantages do they have over other types of organizations?
a. they are easily formed, management is in one person's hands, and profits are not shared.
b. they get special tax breaks and there is limited liability for debts.
c. they can easily borrow money and seldom go bankrupt.
d. they are the most easily expanded with great opportunities for acquiring additional financial capital.

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Why are most firms sole proprietorships -- what advantages do they have over other types of organiza...