Question

1.. advantage and disadvantages of the partnership and sole proprietorship ? just the point no need explanation

Answer 1

Answer :

Partnership :

Advantages of partnership :

1. Two heads (or more) are superior to one.
2. Your business is anything but difficult to build up and start-up expenses are low.
3. Progressively capital is accessible for the business.
4. You'll have more prominent acquiring limit.
5. High-bore representatives can be made accomplices.
6. There is open door for money part, favorable position of specific significance because of resultant assessment reserve funds.
7. Accomplices' business undertakings are private.
8. There is constrained outer guideline.
9. It's anything but difficult to change your legitimate structure later if conditions change.

Disadvantages of partnership :

1. The risk of the accomplices for the obligations of the business is boundless.
2. Each accomplice is 'together and severally' at risk for the association's obligations; that is, each accomplice is at risk for a lot of the organization obligations just as being subject for every one of the obligations.
3. There is a danger of differences and erosion among accomplices and the board .
4. Each accomplice is an operator of the organization and is at risk for activities by different accomplices.
5. On the off chance that accomplices join or abandon, you will most likely need to esteem all the association resources and this can be exorbitant.

sole proprietorship :

Advantages of sole proprietorship :

1. A sole owner has unlimited authority and basic leadership control over the business.
2. Deal or exchange can happen at the circumspection of the sole owner.
3. No corporate duty installments.
4. Insignificant lawful expenses to shaping a sole ownership.
5. Hardly any formal business prerequisites.

Disadvantages of sole proprietorship :

1. The sole owner of the business can be held by and by at risk for the obligations and commitments of the business.
2. Moreover, this hazard stretches out to any liabilities brought about because of acts submitted by workers of the organization.
3. All duties and business choices fall on the shoulders of the sole owner.
4. Financial specialists won't as a rule put resources into sole ownership.