Advantages of Sole Proprietorships

Réussis tes devoirs et examens dès maintenant avec Quizwiz!

No special taxes

All the profits are taxed as personal income of the owner; and the owner pays the normal income tax on the money.

Leaving a legacy

Owners can leave an ongoing business for future generations.

Retention of company profits

Owners keep the profits earned and the benefit increases as the business grows.

Pride of ownership

People who own their own and manage their own businesses are rightfully proud of their work.

Being your own boss

The mistakes you make are your own but so are the victories.

Ease of starting and ending a business

There is no one to consult or disagree with about such decisions.


Ensembles d'études connexes

Health Assessment Exam 3 Practice Questions

View Set

Introduction to Java Programming: Ch. 4 quiz

View Set

CHAPTER 7: Credit cards and consumer loans

View Set

1-Network Fundamentals - Basic Question_14548700_2023_01_05_20_23

View Set

NCLEX Questions for Nursing 102 Exam #2

View Set

Math SAT Level I - Chapter 4 Ratios and Proportions

View Set