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  • Types of Business Struture

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    Giang Võ
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    Sole proprietorships are a simple business structure where an individual owns and operates the business. They have benefits like easy formation, favorable tax treatment, and control over the business. However, sole proprietors face risks like unlimited personal liability for business debts and the business ending if the owner leaves.

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    Sole proprietorships are a simple business structure where an individual owns and operates the business. They have benefits like easy formation, favorable tax treatment, and control over the business. However, sole proprietors face risks like unlimited personal liability for business debts and the business ending if the owner leaves.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    3 views1 page

    Types of Business Struture

    Uploaded by

    Giang Võ
    Sole proprietorships are a simple business structure where an individual owns and operates the business. They have benefits like easy formation, favorable tax treatment, and control over the business. However, sole proprietors face risks like unlimited personal liability for business debts and the business ending if the owner leaves.

    Copyright:

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

    I.

    TYPES OF BUSINESS STRUTURE


    1. Sole proprietorship:
    - Benefits: ease of formaton, favorable tax treatment, high level of control over the
    business
    - Risk: unlimited personal liabilitty and limited life for the business

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