Characteristics of sole proprietorship, Finance Basics

Characteristics of Sole Proprietorship

A. It caters for customers' personal attention

B. Accounts do not must be audited

C. Limited to such finances like:

  1. From banks short-term loans
  2. From suppliers trade credit
  3. Personal saving.
  4. Loans from friends and relatives.

D.  Highly flexible decision-creating process.

E.  Highly adaptable and flexible

F. To form less legal formalities.

Posted Date: 1/29/2013 2:07:49 AM | Location : United States







Related Discussions:- Characteristics of sole proprietorship, Assignment Help, Ask Question on Characteristics of sole proprietorship, Get Answer, Expert's Help, Characteristics of sole proprietorship Discussions

Write discussion on Characteristics of sole proprietorship
Your posts are moderated
Related Questions
1. Find the price of the following bonds. They are all risk-free, and the risk-free rate is 10%. (a) A fifteen-year zero coupon bond with face value $1,000. (b) A three year

Significance of Cost of Finance The cost of capital is Significance since of its application in the following areas as: i) Long-term investment decisions - In capital b

Example of Earnings Yield Valuation Estimated maintainable earnings are £240,000 per annum; rate of return required is 25 percent. Calculate the value of the business. V

Important Points - Creditors Finances When by using creditor's finances a company must consider: 1. That cost of finance is less than the Return that implies the rate shoul

Restrictive Bond or Debt Covenant In this case the debenture holders will impose strict conditions and terms on the borrower. These restrictions may comprise: a) No disposal

This case has been framed in order to test the skills in evaluating a credit request and reaching a correct decision

if u were the professor wht your opinion about vincent mind stage

Risk-Return Trade-Off Most financial decisions comprise alternative courses of action. The choices have different returns and risk.  As like example, must we buy a replacement

The table below gives data on the average number of football games attended per year among a population of students at a small college, separately by major. All students are in one

Advantages of Development Financial Institutions Advantages or Functions or can say Case for Development Financial Institutions 1. They grant venture capital 2. They gra