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Essay

different business forms

Essay specific features

 

Issue:

Business

 

Written by:

Ron L

 

Date added:

November 3, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 848

 

Was viewed:

2518 times

 

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Essay content:

The sole proprietor is free to make any decision they want to such as who to hire, when to take a vacation, and what kind of business to pursue. You save money in a sole proprietorship because it is relatively cheap to start up and you don’t have to pay a lot of taxes. You only pay income taxes on the business’s profits and you are also allowed to establish certain tax-exempt retirement accounts...
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You only pay income taxes on the business’s profits and you are also allowed to establish certain tax-exempt retirement accounts. As good as all of that sounds, there are some bad things that go along with sole proprietorships as well. A major disadvantage of a sole proprietorship is that as sole owner, the proprietor alone bears the burden of any losses or liabilities incurred...
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General issues of this essay:
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