Advantage and disadvantage of sole proprietorship, Finance Basics

Advantage and Disadvantage of Sole Proprietorship

Advantage of Sole Proprietorship

  • High supervision of employees
  • Income motivate owner
  • Sole trade mostly skilled in the business as good for competition
  • Low bureaucracy as less time wasted

 

Disadvantages of Sole Proprietorship

  • Short economic life consequently does not attract long-term finance, hence, limited growth and expansion.
  • Boundless liability
  • Success depends on capability or judgment of owner
Posted Date: 1/29/2013 2:10:12 AM | Location : United States







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