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Advantage and disadvantage Bussiness unit

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Lack of manpower
2. Heavy Responsibilities 
3. It will be stressful
4. Money only comes from 1 person/need to use bank loan
5. No one to share opinions with/brainstorm by yourself
6. Hard to make undecided decision 
7. Business easily bankrupt/closed business easily 
8. Hard to maintain

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TING XIN!!!!!

1. A sole proprietor has complete control and decision-making power over the business.

2. Sale or transfer can take place at the discretion of the sole proprietor

3. No corporate tax payments

4.Minimal legal costs to forming a sole proprietorship.

5.Few formal business requirements.

6. The owner gets full revenue as he don't have to split the revenue.

7. Set up of the business is easy.

8. Liability is unlimited.

9. The sole proprietor can own the business for as long as he or she decides, and can cash in and sell the business when they decide to get out.

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Shu Min

1. Lack of manpower
2. Heavy Responsibilities
3. It will be stressful
4. Money only comes from 1 person/need to use bank loan
5. No one to share opinions with/brainstorm by yourself
6. Hard to make undecided decision
7. Business easily bankrupt/closed business easily
8. Hard to maintain

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Ant
1. Limited Financial Capabilities
2. Unlimited liability
3. Investor won't usually invest in sole proprietorship
4. limited expertise and growth potential
5. Self decision making
6.Personal and business asset
7. Work life balance
8. Not require to submit tax return for business
9.It can hard to take holidays
10. Retaining high-calibre employees can be difficult

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Sole Pro(ADV)

1. Easy to setup
2. A sole proprietor has complete control and decision making power over the business. Partnership and company requires other management agreement to proceed with the business.
3. A sale or transfer can take place at the discretion of the the sole proprietor without having issues with anyone.
4. No corporate tax payments.
5.Minimal legal costs to forming a sole proprietor
6. Few formal business requirements.
7. Sole  proprietor has unlimited personal liability for the obligations for the business.
8. Sole proprietor contributes whatever business needed.

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1. Easy to setup
2. Can start with 2 people
3. Equal Managerial rights
4. Stronger potential access to greater financial capabilities

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NurulAin

1.The liability of the depth of partners are limited
2. Partnership assets can be costly when partners join or leave
3. There will be a risk of disagreement and friction among partners and management
4. Each partner is an agent of the partnership and is liable for actions by other partners
5. A partnership usually has limitations that keeps it from becoming a large business
6. Profits must be shared among other partners
7. You cannot make your decision by yourself
8. Partnership form of organization may not be enjoying public confidence due to lack of publicity and regulations
9. A delay may take place in decision making. This can cause lost to the business
10. Partnership is not easy to transfer

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Syafiqah
1. Unlimited corporate lifespan
2. Easy to transfer ownership by selling stocks.
3. Greater flexibility to get capital through sale of stocks. More capital capabilities compared to sole propietorship/partnership.
4. Private limited companies shares

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Disadvantage of Company:

Very costly: in terms of set-up and tax (double tax) ((personal & company)

Huge impact to surroundings: for example,

* ownership and management

there isn't one legal entity: