Question

Advantages and disadvantages of business organization

Answer 1

Answer:

ADVANTAGES AND DISADVANTAGES OF BUSINESS ORGANIZATION TYPE

Simplest and least expensive form of business to establish and to dissolve.

The owner is making all the decisions and controlling the whole operations.

All profit flows directly to the owner.

It is subject to fewer regulations.

Answer 2

Business organization:

• An organisation established with the aim of carrying on a commercial company is referred to as a business organisation.
• This type of organisation is based on legal systems that govern contract and exchange, private property, and incorporation.

Advantages of business Organisation:

• The easiest, simplest, and least expensive business entity to establish and run. Total command and versatility.
• Individuals can register their business name, get a business license, and start doing business right away.
• Separate taxes are not paid by the company.

Disadvantages of business organization:

A corporation's disadvantages include the fact that it takes time and is subject to double taxation, as well as the fact that it must adhere to strict formalities and protocols.