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  • Sole Proprietorship

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    Mermel
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    Sole proprietorships are small businesses owned and operated by a single individual. They have advantages such as being easy to organize and manage since decision making is up to the sole proprietor. The proprietor also reaps all profits from the business. However, sole proprietorships also have disadvantages like unlimited liability for the proprietor and limited capacity for growth since the business relies on a single individual.

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    Sole proprietorships are small businesses owned and operated by a single individual. They have advantages such as being easy to organize and manage since decision making is up to the sole proprietor. The proprietor also reaps all profits from the business. However, sole proprietorships also have disadvantages like unlimited liability for the proprietor and limited capacity for growth since the business relies on a single individual.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    3 views25 pages

    Sole Proprietorship

    Uploaded by

    Mermel
    Sole proprietorships are small businesses owned and operated by a single individual. They have advantages such as being easy to organize and manage since decision making is up to the sole proprietor. The proprietor also reaps all profits from the business. However, sole proprietorships also have disadvantages like unlimited liability for the proprietor and limited capacity for growth since the business relies on a single individual.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 25

    S O L E

    P R O P R I E T O R S H I P
    Sole Proprietorship

    Proprietorship:
    Sole: one; single
    business owner

    “one-man business”
    Sole Proprietorship

     Small businesses owned by single individuals


    Sari-sari stores

    Carinderias
    Dirty ice cream

    T
    a
    h
    o
    Jeepney

    Tricycle (sikad)
    Sole Proprietorship
    Proprietor/Owner:

     Provides the  Acts as the business


    business site, the manager, works as a
    capital, and raw laborer
    materials
    Advantages
    1. Easy to organize
    2. Easy to manage
    3. Owner reaps all profit
    4. Does not pay business income tax
    5. Psychological satisfaction
    6. Getting out of the business is easy
    Advantages
    1. Easy to organize

     It doesn’t need a big  Minimal legal


    investment requirements
    BTRCP

    DTI
    Advantages
    2. Easy to manage

     Decision-making is fast since it


    is up to the owner
    Advantages
    3. Proprietor reaps all profit
    Advantages
    4. Does not pay business income tax
    Advantages
    5. Psychological satisfaction
    Advantages
    6. Getting out of the business is easy
    Disadvantages
    1. Unlimited liability
    2. Relative instability
    3. Limited capacity for growth
    4. Lack of managerial skill
    5. Multitasking
    6. Limited life
    Advantages
    1. Unlimited liability

     Proprietor assumes  Your business, your


    all the arrears of the money
    business
    Advantages
    2. Relative instability

     If the owner gets sick, no one


    will be able to run the
    business as efficiently
    Advantages
    3. Limited capacity for growth

     For a business to  Expensive


    grow, it should equipment will be
    operate in needed.
    maximum
    efficiency
    Advantages
    3. Limited capacity for growth

     For a business to  Expensive


    grow, it should equipment will be
    operate in needed.
    maximum
    efficiency
    Advantages
    4. Lack of managerial skill

     Sole proprietorship are


    vulnerable to bankruptcy
    Advantages
    5. Multitasking
    Advantages
    6. Limited life

     If the owner dies, the business


    dies with them.

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