what part of speech is each of the words in italics ?
Answers
Answer:
Pros and Cons of a Sole Proprietorship
A sole proprietorship is the common business structure. It makes sense if you're in a business where personal liability is not a concern. From a legal standpoint, the owner and the proprietorship are the same.
Advantages
It's the easiest to set up because it doesn't require the filing of any papers.
States do not require the registration of proprietorships.
Profits are only taxed once on the owner's personal tax returns.
The owner has complete control of the business and makes all the decisions.
Tax forms are not complicated.
Assets are easy to liquidate upon the death of owner.
Disadvantages
The owner is exposed to unlimited legal liabilities. If you lose a lawsuit, you could lose your home, car and other personal assets.
Proprietorships cannot accept capital from outside investors.
Borrowing money is more difficult. Banks are reluctant to make business loans to sole proprietorships. You will have to rely on savings, home equity loans or loans from family members.
Business will be liquidated when owner passes away.
But, what if your business has more than one owner? A partnership could work in this case.
Pros and Cons of Partnerships
A partnership is a sole proprietorship that allows the business to have more than one owner.
Advantages
They're easy to form.
A partnership can bring together a group of individuals with different talents to share in the responsibilities of running a business.
If the partnership agreement permits, a partnership could continue to exist if one of the partners dies.
Disadvantages
Partners are exposed to unlimited liabilities.
Owners will not always agree on decisions. This could lead to management conflicts.
Partners share in the profits of the business, but will not always feel they are being adequately compensated for their contributions and services.
Are you concerned about the unlimited liability exposure that risks losing your personal assets in a lawsuit? The next step up is to form a limited liability company.
Answer:
Verb
Noun
Adjective
Noun
Verb
Adjective