Essay Available:
Pages:
1 pages/≈275 words
Sources:
1
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:
FMA 1 of 5: Proprietorships and Partnerships
Essay Instructions:
Critique the benefits and drawbacks of proprietorships and partnerships as a form of business organization.
Your response should be at least 250 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations
Text book
Practical Financial Management 6th Edition
Lasher © 2011 Cengage Learning,
ISBN:
1439080496, 9781439080498, 1133464165, 9781133464167, 1111258201, 9781111258207
Essay Sample Content Preview:
Proprietorships and Partnerships
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Partnerships and proprietorships constitute some of the most common types of business organization. Partnerships and proprietorships tend to be relatively simple to set up owing to their minimal legal and capital requirements. As such, people with limited resources and who lack the capacity to meet the legal requisites for a corporation as well as those whose legal environments are limiting can effortlessly start this form of businesses. Similarly, partnerships and proprietorships are only taxed once and thus, lose minimal levels of income through government levies. Consequently, partnerships and proprietorships are able to significantly cut on operating costs and maintain healthy profit margins (Lasher, 2011).
Nevertheless, the minimal levels of capital and legal conditions associated with partnerships and proprietorships negatively affect the size and security of the business, thereby rendering it impossible for t...
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