Scribd Logo
Upload

Welcome to Scribd!

  • Advantages of Partnership Disadvantages or Partnership: Pros and Cons Grid

    Uploaded by

    Aprilyn Batayo
    9 views1 page
    This document compares the pros and cons of different business structures: partnerships have tax advantages and more funding from multiple partners but also unlimited liability and potential conflicts; sole proprietorships are easy to form but have limited resources and lifetime; corporations have limited liability but more paperwork and pay double taxation, though they can access more investment and hire talented employees.

    Original Description:

    Original Title

    Pros and Cons Grid.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document compares the pros and cons of different business structures: partnerships have tax advantages and more funding from multiple partners but also unlimited liability and potential conflicts; sole proprietorships are easy to form but have limited resources and lifetime; corporations have limited liability but more paperwork and pay double taxation, though they can access more investment and hire talented employees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    9 views1 page

    Advantages of Partnership Disadvantages or Partnership: Pros and Cons Grid

    Uploaded by

    Aprilyn Batayo
    This document compares the pros and cons of different business structures: partnerships have tax advantages and more funding from multiple partners but also unlimited liability and potential conflicts; sole proprietorships are easy to form but have limited resources and lifetime; corporations have limited liability but more paperwork and pay double taxation, though they can access more investment and hire talented employees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Name: Aprilyn T.

    Batayo BSA-II

    Pros and Cons Grid


    Advantages of Partnership Disadvantages or Partnership
    Tax advantages Unlimited liability
    Low start-up cost Lack of Continuity
    More partner, more funds Difficulty of finding partner
    Limited Regulation Divided authority
    Ease of information Possible conflict among partners
    Broader management base Slower decision making
    Easier to form and run business Joint Accountability

    Advantages of Sole Proprietorship Disadvantages of Sole Proprietorship


    Easy Formation Limited resources
    Tax advantage Limited life
    Prompt decision Unlimited liability
    Easy dissolution Scale of business and expertise

    Advantages of Corporation Disadvantages of Corporation


    Limited liability Extensive paperwork
    More money for investment Double taxation
    Size Two tax returns
    Perpetual life Size
    Ease of ownership change Termination difficult
    Ease of drawing talented employees Conflict with Stockholder and Board
    Separation of ownership or management Initial cost

    You might also like