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Essay

Advantages And Disadvantages O

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Estelle J

 

Date added:

June 1, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

7 / 1847

 

Was viewed:

7250 times

 

Rating of current essay:

 
Essay content:

The assets and liabilities of the owner and those of the business are the same. There are no legal or tax distinctions between the owner and business. This type of business is straightforward to set up and dissolve. It requires the minimal legal requirements and costs. The owner can make all the decisions and can retain all the profits...
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It requires the minimal legal requirements and costs. The owner can make all the decisions and can retain all the profits. He owns all the assets of the business. The owner can draw or invest funds into or out of the business, as he deems necessary. Business losses can be offset against other income, including claw back of past pay as you earn (PAYE)...
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