COMMERCE 1E03 Chapter 6: Chapter 6 - 1E03 Slides
3 May 2017
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List the advantages and disadvantages of sole proprietorships. Include the differences between general and limited partners. Outline the advantages and disadvantages of franchises, and discuss the challenges of global franchising. 5: sole proprietorship (one owner, oldest form): Possibly pay higher taxes you pay your own personal income tax however it is possible you can save some of that through being a sole proprietorship. Partnership: general (full or shared responsibility) versus limited partner (e. g. , $ only) Shared management and pooled, complementary skills and knowledge. You have two or more members to terminate. Corporation: company ownership is through stocks/shares/shares of capital stock. 1e03 page 1 company ownership is through stocks/shares/shares of capital stock. Size: may be larger due to increased resources. Separation of ownership from management if you are a shareholder, it is unlikely that you are the manager as well . Size: may become too inflexible to new ideas.
