advantages and disadvantages of organizing a business

options for organizing a business? options for organizing a business? advantages and disadvantages of sole proprietorship advantages: ease and cost of formation, secrecy, distribution and use of profits, flexibility and control of business, government regulation, taxation, closing the business disadvantages: unlimited liability, limited source of funds, limited skills, lack of continuity, lack of qualified employees, taxation advantages and disadvantages of partnership advantages: ease of organization, availability of capital and credit, combined knowledge and skills, decision making, regulatory controls disadvantages: unlimited liability, business responsibility, life of the partnership, distribution of profits, limited source of funds. types of partnership: limited, general articles of p...

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