Types of business organizations
- Created by: Shaheera
- Created on: 10-11-20 05:10
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Sole Propriertor:
- Owned by a single individual
- Unlimited liability - owner is legally responsible to pay all the debts of the company
- Owner makes all the decisons
- Difficult to expand - banks are reluctant to guve loans
- Lack of pereptual succession
Partnership:
- Two or more…
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