By Dillon Beam
advantages= The sole owner has all the pride of owning the company and receives all of the profits and can make instant decisions without having to consult anyone and no corporate income tax.
Disadvantages= The owner of the business has to take full liability and responsibility for all debt from the business. Some of there there personal objects can also be seized to pay off the debts.
Advantages= No corporate income tax, more money raised based on more owners, each partner can bring in a special talent the others don't have, more people also means higher efficiency.
Disadvantages = No corporate income tax, more money raised based on more owners, each partner can bring in a special talent the others don't have, more people also means higher efficiency
Advantages= Ease of raising financial capital for example can sell more stocks and can borrow money easier, ease of growing capital allowing the corporation to grow huge and can employ thousands of workers.
Disadvantages= Expensive and complex to setup, owners have very little say so, Very high government regulation, stockholders are subject to double tax for corporation tax and tax after its distributed to the stockholders.