Describe the advantage and the disadvantage shared by both sole proprietorships and partnerships.
HELP I NEED THIS ANSWER NOW

Answers

Answer 1

Answer:

The advantages shared by both sole proprietorship and partnerships are;

1. They are both easy  to start are readily affordable to establish

2. Both, individual income sole proprietorship and split income partnership can benefit from tax savings

3. The business  affairs of the operators of both models  are private

4. Both enjoy limited external regulation

The disadvantages shared by both business models are;

1. The sole proprietorship and the partners in a partnerships are liable (unlimited liability) for the debts of the business

2. The business may end with the death or departure of a partner in a partnership or the owner in a sole proprietorship

3. Difficult to change a partner in a partnership or the sole proprietor in a sole proprietorship

Explanation:

A sole proprietorship is an enterprise model whereby the enterprise is entirely run and owned by one person such that legally there is no distinction between the business owner and the business

A partnership is a business arrangement where two or more people (partners) come together to manage the operations of the business such that they share the profits and liabilities of the business.

Partnership businesses are sometimes formed by professionals such as lawyers and doctors.


Related Questions

pleasereeeeeee anyoneee knowsss

Answers

Answer:

A

Explanation:

It was an act that admitted Missouri as a slave state and Maine as a free state, people on both sides were rushing to vote for or against it, it created the Kansas Massacre, slaves saw an opportunity to move to the free states. This is one of the major events that helped start the Civil War.

Before running for president in 1932, Franklin D. Roosevelt

Answers

AnswerBefore running for president in 1932, Franklin D. Roosevelt had no previous experience in government. had been vice president under Herbert Hoover. had been governor of the state of New York. had helped Hoover balance the federal budget.:

Explanation:

hope this helps please give me brainiest

Answer:

had been governor of new york.

Explanation:

how did medicine progress between 1250 and 2000

Answers

Answer:

New plants and vaccines were found.

Explanation:

Vaccines were found this is due

Which sentence best describes the relationship between the Minoans and Mycenaeans?

A. The Minoans and the Mycenaeans were frequently at war.
B. Minoan culture replaced Mycenaean culture.
C. Mycenaean culture was influenced by Minoan culture.
D. Mycenaeans and Minoans built isolated city-states that had little contact.

Answers

Answer:

C would be correct.

The Mycenaean civilization flourished in the late Bronze Age, from the 15th to the 13th century BCE and extended its influence not only throughout the Peloponnese in Greece but also across the Aegean, in particular, on Crete and the Cycladic islands.The Mycenaeans were influenced by the earlier Minoan civilization

brainliest pls?

Which of the following words has the same meaning as commerce? A. business B. religion C. village D. government Please select the best answer from the choices provided A B C D

Answers

Answer: answer is A). Business

Explanation:

Answer:

A. business

Explanation:

Commerce means buying and selling goods or services. It is basically trade or business.

It is not religion, government or a village. Therefore, it is business, or choice A.

What was McClellans mistake at the beginning of the civil war

Answers

Answer:

General McClellan’s most grievous error was hugely overestimating Confederate numbers. This delusion dominated his military character. In August 1861, taking command of the Army of the Potomac, he began entirely on his own to over-count the enemy’s forces. Later he was abetted by Allan Pinkerton, his inept intelligence chief, but even Pinkerton could not keep pace with McClellan’s imagination. On the eve of Antietam, McClellan would tell Washington he faced a gigantic Rebel army “amounting to not less than 120,000 men,” outnumbering his own army “by at least twenty-five per cent.”

Explanation:

Answer:

General McClellan’s most grievous error was hugely overestimating Confederate numbers

Explanation:

:)

2 sentences to describe effects of the agricultural revolution in britain

Answers

Answer:

The Agricultural Revolution of the 18th century paved the way for the Industrial Revolution in Britain. New farming techniques and improved livestock breeding led to amplified food production. This allowed a spike in population and increased health. The new farming techniques also led to an enclosure movement

Hope it helps :)

Who was involved with the brown v broad of Ed

Answers

On May 17, 1954, U.S. Supreme Court Justice Earl Warren delivered the unanimous ruling in the landmark civil rights case Brown v. Board of Education of Topeka, Kansas. State-sanctioned segregation of public schools was a violation of the 14th amendment and was therefore unconstitutional.

Why were
some Americans skeptical about the effectiveness of the Compromise of 1850?

Answers

Answer:  They didn't feel right to make slavery a compromise

Explanation: your welcome

Which of the following groups experienced a significant loss of culture, economic stability, and land due to westward expansion in the United States?

Answers

Answer:

B. American Indians

Brainliest?

Answer:

American Indians

What post-World War II government was established in West Germany?

Answers

Answer:the federal republic of Germany

What actions does he suggest that portend the measures that Germany will take in the coming decade, resulting in WWII and the Holocaust?

Answers

Answer:              

The breaking of the Treaty of Versailles and the segregation of the Jews resulted in WWII and the Holocaust.

Explanation:

Hitler's becoming the chancellor of Germany launched aggressive policies that led to the starting WWII in Europe. Everything Hitler did it pushed toward war, from the beginning, the breaking of the Treaty of Versailles, and the territorial expansion somewhat threaten the European powers.

Anti-Jewish legislation in Nazi Germany included several laws that separated the Jews from German society and restricted their political and civil rights. Hitler's idea of the pure race called Aryan led other push, especially Jews to ghettos and concentration camps.                                                                  

all these statements about labor unions are true except

Answers

Answer:

Unions tried to represent all workers, no matter their race, gender, or ethnic backgrounds.

Explanation:

Please Mark Brainliest :)

Answer:

A) Unions tried to represent all workers, no matter their race, gender, or ethnic backgrounds.

Explanation:

 Labor unions are organizations that represent workers in many industries. Their activity is centered on collective bargaining over wages, benefits, and working conditions for their memberships. They also represent their members if there is a dispute with management over violations of contract provision.

 Some of the biggest unions in the country engage in lobbying activities and electioneering at the state and federal level.

 They do not represent all workers, they represent their members no matter race, gender, or ethnic. They are divided to represent different industries in order to be more focus on work activity.

 I hope this answer helps you.

what was the process of becoming a knight

Answers

Answer:

Brave enough to become one of them

Answer:

Most future knights worked as a squire for five or six years. If a squire had proven his bravery and skill at battle, he would become a knight at the age of twenty-one. He gained the title of knight at a "dubbing" ceremony.

Explanation:

teacher approved

what is a amendment

Answers

Answer:

A law for the whole country created by the government

Explanation:

Answer:

An amendment is an article added to the US Constitution.

Which act was passed in 1883 that set up a merit system for employment in America? a. Federal Civil Service Act c. Social Services Act b. Pendleton Civil Service Act d. Equal Opportunity Employment Act

Answers

Answer:

D)  Pendleton Civil Service Act

Explanation:

You're welcome ;)

Answer:

d. Equal Opportunity Employment Act

Explanation:

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can some pls help me with these, they’re due today

Answers

Answer:

For number 1. The divine rights (of kings) was a concept that said the kings and queens had a god given right to rule and anyone who went against them sinned, when the Enlightenment era started this gave people a better rule of individualism and that god exist but does not interact supernaturally with the universe therefor debunking that kings and queens could rule in gods name.

2. this was a great era of change, restrictions of torture and education for girls came during the enlightenment era. science played a huge role and people started looking for facts instead of using god as the way for everything.

How did Joseph Stalins 5 year plans affect the Soviet Union

Answers

Answer:

Joseph Stalin failed when using his 5-Year Plan as there were communes in which peasants produced crops and the government took them but then it got to the point where the government took too much and people starved to death.

Question 1 of 10
2 Points
Which of the following does not need to be addressed when
organizing an economy?
O A. The allocation of resources.
O B. The organization of production
C. The distribution of goods and services.
O D. The rules of political institutions.

Answers

Answer:I would say D

Explanation:

D. The rules of political institutions

Why might some slaves choose not to escape?

Answers

Answer:

They might not wanted to get punished

Explanation:

Answer:

They have a 50 - 50 chance of getting caught. If caught they will probably die from getting a punishment.

How can regular citizens influence government most effectively?

Answers

Answer:

through protest like for the death of george floyd Here, citizens vote for their government officials. ... Citizens can also contact their officials when they want to support or change a law. Voting in an election and contacting our elected officials are two ways that Americans can participate in their democracy. Voting booth in Atascadero, California, in 2008

Explanation:

Answer:

citizens vote for their government officials. ... Citizens can also contact their officials when they want to support or change a law.

Which of these was NOT a reason
the United States initiated the
attack on the Philippines?
A. Atrocities were committed toward the people
of the Philippines
B. Spain owned it.
C. The bulk of the Spanish fleet was docked in
Manila Bay.
D. The U.S. was interested in the territory of the
Philippines
2003

Answers

Answer:

A. Atrocities were committed toward the people of the Philippines

The correct option is A). Atrocities were committed toward the people of the Philippines.

Why did the United States initiated the attack on the Philippines?

Philippine-American War was the battle fought between the United States and Filipino revolutionaries from the period of 1899 to 1902. The war began after the United States assumed sovereignty of the Philippines.

United States and Philippine had the largest and first battle of the Philippine-American War that was named as Battle of Manila, which was started on 4–5 February 1899.

Americans had the desired for getting commercial opportunities in Asia. They had belief that Filipinos were completely incapable of self-rule and if the United States will not take the control of the islands, another power country might do so.

Learn more about Philippine-American War here:-

https://brainly.com/question/2827989

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When Was Russia's “Red October” Revolution?

Answers

Answer:

1917

Explanation:

On November 7, 1917,

What effects Winston Churchill's words would have had on the British people?

Answers

Answer:

Winston Churchill is best remembered as the British prime minister whose speeches rallied a nation under a relentless Nazi onslaught in World War II. But few people know that he won the Nobel Prize in Literature — in part for his mastery of speech making.

On May 13, 1940, three days after Germany invaded France, Churchill gave his first speech as prime minister to the House of Commons, a speech that was later broadcast to the public. "I have nothing to offer but blood, toil, tears and sweat," he said, as he helped the country brace for hard times.

"Winston Churchill managed to combine the most magnificent use of English — usually short words, Anglo-Saxon words, Shakespearean," says Andrew Roberts, author of a history of World War II called The Storm of War. "And also this incredibly powerful delivery. And he did it at a time when the world was in such peril from Nazism, that every word mattered."

Answer:

Winston Churchill is best remembered as the British prime minister whose speeches rallied a nation under a relentless Nazi onslaught in World War II. But few people know that he won the Nobel Prize in Literature — in part for his mastery of speech making.

On May 13, 1940, three days after Germany invaded France, Churchill gave his first speech as prime minister to the House of Commons, a speech that was later broadcast to the public. "I have nothing to offer but blood, toil, tears and sweat," he said, as he helped the country brace for hard times.

Explanation:

what were the impacts of the atomic bomb

Answers

Answer:

The main impacts were the radiation it produced and the destruction of a city and its inhabitants

Explanation:

Impact of the atomic bomb
Next
Impact of the atomic bomb
After six years of war the first atomic bombs were dropped on the Japanese cities of Hiroshima and Nagasaki in 1945. More than 100,000 people were killed, and others subsequently died of radiation-induced cancers. The bombing brought the Second World War to an end. Despite the appalling death toll, the major powers raced to develop newer and more destructive bombs. By the 1950s uranium was also being used to generate electricity, with atomic power heralded as a cheap and clean source of energy.

Why did the United States want to you overthrow the taliban regime

Answers

Answer:

Its public aims were to dismantle al-Qaeda and deny it a safe base of operations in Afghanistan by removing the Taliban from power. ... US President George W. Bush demanded that the Taliban hand over Osama bin Laden and expel al-Qaeda; bin Laden had already been wanted by the FBI since 1998.

Explanation:

got it from goggle. also can you give me BRAINLIEST? .

The United Nations Educational, Scientific, and Cultural Organization (UNESCO) builds intercultural understanding by
protecting heritages and supporting cultural diversity. The organization also created the concept of World Heritage
to protect sites of outstanding universal value. As you saw in the video, UNESCO helped plan the Mostar Bridge
reconstruction,
In a short paragraph, explain why this type of work is important.

Answers

Answer:

Explanation:The Mostar Bridge was still standing when it was damaged in the Bosnian War. Built in 1556, it was once the longest single-span bridge in the world. It’s important to preserve these historical sites that have endured for hundreds of years. It was also important to rebuild the bridge because it was a symbol of unity and pride to the people

This kind of work is important because it helps to strengthen peace and dignity among the different cultural groups that are in the world.

By protecting sites that are of outstanding universal value, the UNESCO is promoting an equal dignity of culture, and they are helping to sustain and keep the cultural heritage of the Mostar Bridge.

Such works help to promote cultural diversity by making people from different cultures to be more acceptable of others.

Read more on https://brainly.com/question/3093018?referrer=searchResults

A(n)
conditions.
is a process by which the hypothesis is tested under controlled

Answers

Answer:

Procedure.

Explanation:

A procedure is a process by which the hypothesis is tested under controlled [variables].

Could be experiment, could be experimental design. This question is a little confusing, but that's okay. I tried my best.

Which answer best explains the effects of the Industrial Revolution on society and daily life?

Question 15 options:

Sprawling urbanization would result in tighter control of housing, lessening illnesses caused by pollution and poor sanitation. It would result in a rise of the lower class and result in new luxury items.


After the Industrial Revolution, pollution levels were lower, and people began to migrate to the suburbs, resulting in deurbanization and lower population levels in cities, causing factories to close as they were unable to find workers.


The Industrial Revolution changed many aspects of society, movement to cities caused urbanization, increased pollution, child laborers and a need for public education. It resulted in the creation of a new middle class and reforms in child labor, education and food handling.


After the Industrial Revolution, more people fell below the poverty line and struggled to make ends meet; the child labor laws disappeared, education systems failed and no one could afford luxury items anymor

Answers

Answer:

The Industrial Revolution changed many aspects of society, movement to cities caused urbanization, increased pollution, child laborers and a need for public education. It resulted in the creation of a new middle class and reforms in child labor, education and food handling.

Explanation:

The Industrial Revolution was a transitioning period for the economy of various countries. The Industrial Revolution occurred from the 1700s to the 1800s.

Most countries in Europe and America during the Industrial Revolution transitioned from agriculture, handicrafts making, artisanship into full Industrialization.

The Industrial Revolution has both positive effects and negative effects on the society, the environment and the daily lives of people.

The effects of the Industrial Revolution includes:

1. An increase in the material wealth of the economy of countries in Europe and America.

2. An increase in urbanization. This is because industries were suited in urban areas and people moved there with their skills looking for jobs.

3. An increase in pollution: During the Industrial Revolution, there was an increase in the number of industries and the emissions from this industries during their manufacturing processes polluted the environment.

4. There was an increase in the use of child labor because such labor where cheap to come by for industries.

5. Industrial Revolution resulted in the creation of a new middle class and reforms in child labor, education and food handling.

Politicians who supported the ratification of the Constitution were known as Federalists. Why were the Federalists in favor of the Constitution? A. They wanted the states to have a great deal of power. B. They wanted a strong central government. C. They wanted the U.S. to go back to being a British colony. D. They wanted to establish a monarchy.

Answers

Answer:

B. They wanted a strong central government

Answer:

They wanted a strong central government.

Explanation:

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