1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesnalui [34]
4 years ago
6

What are the primary advantages to choosing a sole proprietorship? Select all that apply.

Social Studies
1 answer:
Ann [662]4 years ago
7 0

<u>The advantages of chosing the sole proprietorship model are the following:</u>

  • It can be inexpensive and easy to set up.
  • Many types of business taxes are not required.
  • Owners can keep profits for themselves.

The sole propietorship is a format of enterprise ownership through which a single person or entrepeneur owns and runs the firm. This person earns all the profits generated and has unlimited liability for losses or debts. In general, this figure of the entrepeneur tries to be fostered. This is why many countries tend to reduce the initial costs required to set such a firm, and why these enterprises do not have to pay certain taxes as for example, there is not a corresponding tax for sole propietors similar to the societies tax.

This person is <u>the only one making the decisions</u> and the only one accountable for the finances of the enterprise, for example concerning debts. Therefore the owner <u>is liable</u> for those debts.

You might be interested in
How was Meroe different from a tyical Egyptian or Kushite city?? Please give more than 1 answer please!!
Aloiza [94]
Meroe was very pushy he wanted to control everything and advance the area he had he wanted to advance his city 
8 0
3 years ago
Name one continent that is completely in the Southern Hemisphere
pshichka [43]

Australia along with Oceania is completely in the Southern Hemisphere.

8 0
3 years ago
Due to the grand canal, over 1.200 miles of _____ was connected by a water route
Dovator [93]
It’s in eastern China
6 0
3 years ago
Read 2 more answers
This is an example of which type of conflict? a) character vs. b) self character vs. c) others character vs. d) society characte
AVprozaik [17]

Answer:

It is called External Conflict. A struggle between two characters or outside force.

Example: character vs character

Example: character vs society

Example: character vs Nature

Character vs Self is an example of Internal Conflict. A struggle a character has within their mind or height. Their conscience.

Explanation:

3 0
3 years ago
A budget deficit occurs when the government
Dafna11 [192]
D. Spends more tax revenues than it receives
7 0
2 years ago
Other questions:
  • If you ve hired a moving company to move your possessions, be sure to ___.
    14·1 answer
  • Any have the answer to this question ?
    15·1 answer
  • Help w #9 plss thank youuu
    5·1 answer
  • Not more than 100 words describe the nature of philosophy
    14·1 answer
  • The Anti-Federalists’ main objection to ratifying the Constitution was that it
    12·2 answers
  • Person who goes on a religious trip to convert people to their religion?
    9·1 answer
  • The term used by Bowman and Kearney that refers to the ability of government to respond effectively to change, to make decisions
    5·1 answer
  • India's fertile land and ample water supplies are some of its most valuable resources. Which statement is supported by this fact
    6·1 answer
  • matteo is writing an essay with the claim that playing a team sport is beneficial for students. which kind of evidence could he
    14·2 answers
  • Please help me!!!!!(AP3X)
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!