Advantages of Sole Proprietorships: Do not have to consult others before making decisions, Owner keeps all profits, Disadvantages of Sole Proprietorships: Difficult to raise money, Difficult to borrow money, Unlimited liability, Advantages of Corporations: Easy to raise money, Have a long life, Owners have limited liability, Disadvantages of Corporations: More government regulation, Difficult and expensive to create, Stockholders have little say in running the business,

Sole Proprietorship versus Corporations

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