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Advantages And Disadvantages Of Different Business Structure
Beginning of essay
There are many types of organisational structure a business may decide to adopt. This assignment will examine the four main different business structures and present the advantages and disadvantages of each one. The business structures that I will be examining are as follows:
The partnership
The Pr ....
Middle of essay
....level. The registration level is currently £50,000 for a twelve-month period).
The main disadvantage for being a sole trader is the unlimited liability factor. The sole trader is putting at risk his entire personal fortune including his house, car and any other personal assets in his possession that are outside the business. This is because there is no distinction between the individual (the owner) and the business. The law does not recognise the business as an artificial person (unlike a com.... |
| Number of words: 1827 |
Approximate pages: 7 |
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