Tag (SQ): Business structure

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BCL – L1 – Q52 – Alternative forms and constitutions of business organisations

State two advantages and two disadvantages of forming a sole proprietorship.

Question

It appears that many residents of Kumasi prefer to own their businesses without going through the cumbersome details of forming an incorporated company limited by shares.

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State TWO (2) advantages and TWO (2) disadvantages of forming sole proprietorship.

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Tags: Advantages, Business structure, Disadvantages, Registration, Sole proprietorship
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

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BCL – L1 – Q52 – Alternative forms and constitutions of business organisations

State two advantages and two disadvantages of forming a sole proprietorship.

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Tag (SQ): Business structure

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BCL – L1 – Q52 – Alternative forms and constitutions of business organisations

State two advantages and two disadvantages of forming a sole proprietorship.

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