Analysis of Information. Presented below are possible advantages and disadvantages. You are to determine in the first column whether the item pertains to an advantage or disadvantage. On the second column, you are to determine the related business organization. Item 1 has been done for you. Information Advantage or Disadvantage Business Organization 1. In the event of bankruptcy, business creditors can run after the personal assets of the owners. Disadvantage Sole Proprietorship Partnership 2. Involvement of more persons in the business, hence more sources of expertise as compared to the most simple business organization. 3. Transferability of ownership 4. Limited life 5. Business organization as a juridical or separate person 6. Corporate existence of 50 years, renewable 7. Most limited source of funding 8. Most regulated business organization 9. Double taxation 10. Limited liability 11. Unlimited liability
B. Analysis of Information. Presented below are possible advantages and disadvantages. You are to
determine in the first column whether the item pertains to an advantage or disadvantage. On the
second column, you are to determine the related business organization. Item 1 has been done for you.
Information Advantage or
Disadvantage
Business Organization
1. In the event of bankruptcy, business creditors can
run after the personal assets of the owners.
Disadvantage Sole Proprietorship
Partnership
2. Involvement of more persons in the business,
hence more sources of expertise as compared to
the most simple business organization.
3. Transferability of ownership
4. Limited life
5. Business organization as a juridical or separate
person
6. Corporate existence of 50 years, renewable
7. Most limited source of funding
8. Most regulated business organization
9. Double taxation
10. Limited liability
11. Unlimited liability
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