Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Essentials of Corporate Finance (Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
9th Edition
ISBN: 9781259277214
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 1.3, Problem 1.3BCQ
Summary Introduction

To think critically about: The main advantages and disadvantages of partnership and sole proprietorship.

Introduction:

Business organization is comprised of three types. They are a sole proprietorship, partnership, and corporation. The sole proprietorship is a business, where a single person owns the business and partnership is similar to that of the proprietorship, where two or more person together in business in a partnership firm.

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