https://padlet.com/roselet_reynoso/237wymwhfhu39457 Discuss single proprietorship in three to four sentences. Incorporate the four elements that were discussed already (argument and discussion, cause and effect, cohesion, and comparison). en-us 2022-01-21 06:34:03 UTC 2022-04-26 04:55:23 UTC hello@padlet.com https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138565841 Single proprietorship gives you more flexibility in decision-making but limits your business financially. Some people prefer sole proprietorship because of its simpler nature. Small business owners might say that sole proprietorship is more convenient than having partners. Lastly, it can greatly help start-up business owners.

]]> 2022-04-11 03:14:45 UTC https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138565841 https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138566088 A sole proprietorship is when a business is owned by one person in which he/she is responsible for all liabilities and owns all assets of the business. A business is easier to establish as a sole proprietor compared to partnership and corporation. One downside of being a sole proprietor is the lack of financial control.]]> 2022-04-11 03:14:59 UTC https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138566088 https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138570066 A sole proprietorship is a type of business organization wherein there is only one single entity that operates the business. Generally, businesses begin using this model as it is easier to have them registered. Over time, when the business does expand, it becomes more difficult for one person to handle all the responsibilities of the company on their own. In this case, either a partnership or corporation model is applied. Compared to the former, both delegate the business' duties among their members. ]]> 2022-04-11 03:18:40 UTC https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138570066 https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138897448 Single proprietorship is a business where the owner and the business are one and the same. This means that the obligation of the business is an obligation of the owner. For example, in a restaurant business, if a customer sues the business for damages and the business does not have enough money, then the owner is also liable with his personal money. A corporation on the other hand has a separate juridical personality. This means that the obligation of the business is not a personal liability of the owner. Using the same example as the restaurant business, the customer cannot sue the owner for damages, only the corporation is liable. ]]> 2022-04-11 09:19:34 UTC https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138897448 1103752 https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138974977 A single proprietorship gives the business owner the chance of managing his or her business with less limit compared to others. Later on, the business owner can change the type of business organization according to the situation. ]]> 2022-04-11 10:52:33 UTC https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2138974977 https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2146156231 Sole proprietorship is one of the ways to operate the business. It is a single operation where the business is usually controlled by one owner. It has less limit in terms of operation method and things while, it comes with bigger responsibility that the owner is supposed to take it alone, which is even more struggling than others. ]]> 2022-04-17 18:37:39 UTC https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2146156231 https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2157850528 A sole proprietorship is also known as a sole trader or a proprietorship is a unincorporated business with one owner who pays personal income tax on the business's profits. Due to a lack of government regulation, a sole proprietorship is the simplest type of business to establish or dissolve.]]> 2022-04-26 04:55:23 UTC https://padlet.com/roselet_reynoso/237wymwhfhu39457/wish/2157850528