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Informational Presentation: Small Business Owners

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Kiesha M

 

Date added:

January 21, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1096

 

Was viewed:

963 times

 

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Essay content:

Most small businesses with less than ten employees are sole proprietorships. The major drawback of the sole proprietorship is that there is unlimited liability to the owner (Block-Hirt, 2004). In dissolution of the entity's debts, the owner loses not only the capital investment of the business, but possible may lose personal assets...
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In dissolution of the entity's debts, the owner loses not only the capital investment of the business, but possible may lose personal assets. The profits or losses of a sole proprietorship are taxable as though they belong to the individual owner (Block-Hirt, 2004). Therefore, if a sole proprietorship makes $25,000, the owner/proprietor will claim all profits on an individual tax return...
displayed 300 characters

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