Advantages of Sole

Proprietorship
Some advantage's of a sole proprietorship is you have complete control and decision-
making power over the business, there is no corporate taxes and
 Disadvantages of Sole
proprietorship
Some disadvantages of sole proprietorship is you can he held personally liable for the
debts and obligations of the business, all the responsibilities and business decisions fall
on the shoulders of you and investors dont usually invest in sole proprietorship
 Advantages of
partnerships
Some advantages of partnerships is, Shared responsibility- partners can share the
responsibility of running the business, Decision making more people in your
partnership means there is more ideas that can be thrown around and your partner is
more flexible than companies
 disadvantages of
partnerships
Some disadvantages of partnerships is, Disagreements- if you and your partner have
different views for the business it can create conflict, Profit Sharing- you and your
partner share the profit evenly, this can be bad because if one the partners isnt
putting in as much work as the other partner and this can create conflict, Agreement-
it is not always easy to agree with what your partner wants to do especially if it
conflicts your views.
 disadvantages of
partnerships
Some disadvantages of partnerships is, Disagreements- if you and your partner have
different views for the business it can create conflict, Profit Sharing- you and your
partner share the profit evenly, this can be bad because if one the partners isnt
putting in as much work as the other partner and this can create conflict, Agreement-
it is not always easy to agree with what your partner wants to do especially if it
conflicts your views.
 A d v a n t a g e o f c o r p o ra t i o n s
Some advantages of corporations are, Ownership transfers- hard for share holders to sell if the
entity is privately held, Limited liability- Shareholders only liable to the amount's of their
investments and perpetual life- no limit to the life of a corporation, ownerships can be passed
down through many generations
Disadvantage of corporations

Some disadvantages of corporations are, Double taxation- income can be taxed twice, Excessive
tax fillings- substantial amount of paperwork and Independent management- corporation can
operate the business without any real oversight from the owners if there are many investors with
no clear majority interest.
Advanta ge s of franchises
Some advantages of franchises are, offering important pre-opening support- financing, training,
design and construction, Offer ongoing support- ongoing supervision and management support,
increased spending power and access to bulk purchasing and you can buy the business on your
own which means you get a certain level of independence.
 Di sa d va ntages of
fra nc hises
Some disadvantages of franchises are, Cost- The cost may be higher than what you thought,
franchise agreements includes restrictions on how you can run the business and All profits are
usually shared with the franchisor.