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  • Business Ownership Summary

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    smitkishor
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    Smit Kishor Garodhara's business ownership summary document compares the pros and cons of different business ownership structures including sole proprietorships, partnerships, corporations, franchises, and hybrid models. It outlines key advantages such as simple setup processes, combined capital and experience for partnerships, brand recognition for franchises, and increased efficiency and flexibility for hybrid models. The summary also notes disadvantages like unlimited liability for sole proprietors, potential arguments between partners, complexity for corporations, and costs and restrictions associated with franchises.

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    Smit Kishor Garodhara's business ownership summary document compares the pros and cons of different business ownership structures including sole proprietorships, partnerships, corporations, franchises, and hybrid models. It outlines key advantages such as simple setup processes, combined capital and experience for partnerships, brand recognition for franchises, and increased efficiency and flexibility for hybrid models. The summary also notes disadvantages like unlimited liability for sole proprietors, potential arguments between partners, complexity for corporations, and costs and restrictions associated with franchises.

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    © All Rights Reserved
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    16 views1 page

    Business Ownership Summary

    Uploaded by

    smitkishor
    Smit Kishor Garodhara's business ownership summary document compares the pros and cons of different business ownership structures including sole proprietorships, partnerships, corporations, franchises, and hybrid models. It outlines key advantages such as simple setup processes, combined capital and experience for partnerships, brand recognition for franchises, and increased efficiency and flexibility for hybrid models. The summary also notes disadvantages like unlimited liability for sole proprietors, potential arguments between partners, complexity for corporations, and costs and restrictions associated with franchises.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Name: Smit Kishor Garodhara

    Business Ownership Summary

    Directions: Using your notes and additional research, complete the following table.

    Name Types Pros + Cons -

    Sole Simple and Low-Cost Unlimited Liability:


    Propr Small Business/ Home Setup: Difficulty in Obtaining
    ietors Business Complete Control: Financing:
    hip Ease of Management: No Legal Protection:

    Partn combined capital,


    General More Division and
    ershi experience,
    Limited external arguements
    p and abilities and abilities
    Corp
    oratio Private,C,S,Nonprofit Being a Large Shark Complexity
    n
    less creative freedom, the
    Brand recognition, lower
    need to adhere to existing
    Franc Business, Piggyback, failure rate, and business
    rules, and the
    hise Product trade assistance from the
    requirement to pay
    franchisor
    royalties to the franchisor
    Hybri Increased Efficiency:
    Conflicts:
    d Flexibility:
    LLC,LLP Coordination Challenges:
    Mode Employee Loyalty and
    Workforce Scarcity:
    ls Progression:

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