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What are the four primary disadvantages to the sole proprietorship and partnership forms of business organization? What benefits are there to these types of business organization, as opposed to the corporate form?

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Related questions

Which of the following could explain why a business might choose to operate as a corporation rather than as a sole proprietorship or a partnership?
Answer

Corporations generally find it relatively difficult to raise large amounts of capital.

Less of a corporation's income is generally subjected to taxes than would be true if the firm were a partnership.

Corporate shareholders escape liability for the firm's debts, but this factor may be offset by the tax disadvantages of the corporate form of organization.

Corporate investors are exposed to unlimited liability.

Corporations generally face relatively few regulations.

Let's review the three types of legal business organization-sole proprietorships, partnerships, and corporations. What are advantages and disadvantages of each and provide examples.

For ch1 question 6, what is the 4th form of business organization and what is its advantages and disadvantages? There are only 3 forms in the solution.

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