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Engleza 05.10.21
Engleza 05.10.21
A sole proprietor does not pay any special start-up fees or taxes, but there are
minimum capital requirements. If the enterprise does not succeed, or the owner
decides to enter another line of business, the firm can be closed as easily as it was
opened. Creditors must be paid, of course. But the owner does not have to go
through any legal procedure before hanging up an "Out of Business" sign.
2.
Advantages of Proprietorship
Disadvantages of Proprietorship
On the occurrence of a loss, the proprietor must meet the liabilities at any
cost, which implies that if the need occurs, his/her personal assets may have
to be used for discharging the liabilities.
A sole proprietor cannot indulge in sale of business interest or shares, which
deprives the entity from the receipt of any type of equity funding.
3.
In my opinion, with these words, Goldman means that a successful business can
be owned by a real owner. So he emphasizes this balance between "really
owner" and "business."