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Yardstick International Colleg2

This document is a group assignment submitted by two students, Alemnat mandefro amera and Amare denbela, to their instructor Mr. BeFikadu at Yardstick International College. The assignment asks the students to summarize the advantages and disadvantages of a sole proprietorship business structure. It lists the key advantages as less paperwork, easier processes, lower costs and taxes, and maximum privacy. The key disadvantages are limitations in management skills, capital, unlimited liability, lack of continuity, weaker bargaining position, limited scope for expansion, risk of wrong decisions, and no economies of scale.

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Weldu Gebru
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473 views2 pages

Yardstick International Colleg2

This document is a group assignment submitted by two students, Alemnat mandefro amera and Amare denbela, to their instructor Mr. BeFikadu at Yardstick International College. The assignment asks the students to summarize the advantages and disadvantages of a sole proprietorship business structure. It lists the key advantages as less paperwork, easier processes, lower costs and taxes, and maximum privacy. The key disadvantages are limitations in management skills, capital, unlimited liability, lack of continuity, weaker bargaining position, limited scope for expansion, risk of wrong decisions, and no economies of scale.

Uploaded by

Weldu Gebru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Yardstick International College

Department of Management

GROUP ASSINGMENT
Course title: - Fundamentals of Accounting I
Name Idno
1. Alemnat mandefro amera ………………….004/14
2. Amare denbela …………………………………………060/14

Submitted to: Mr. BeFikadu


Date 2022
Addis Ababa Ethiopia
Assignment
1. Sole proprietorship –advantage and dis advantages. You unlimited liability for debts as
there’s no legal distinction between private and ness assets

Advantage of sole proprietorship


 Less paper work to get stared
 Easier processes and
 Fewer requirements for business taxes.
 Fewer registration fees. More straight forward banking.
 Start-up coets are low,
 You have ,maximum privacy,
Disadvantage of sole proprietorship
 Limitation of management skill
 Limitation of capital
 Unlimited liability
 Lack of continuity
 Wea bargaining position
 Limited scope for expansions
 Risk of wrong decision
 No lare –scale economie

2, partnership
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