Why are so many businesses structured as sole proprietorships when the corporate form of business offers more advantages?

Pkg Acc Infor Systems MS VISIO CD
10th Edition
ISBN:9781133935940
Author:Ulric J. Gelinas
Publisher:Ulric J. Gelinas
Chapter3: Electronic Business (e-business) systems
Section: Chapter Questions
Problem 5DQ
icon
Related questions
Question
100%
Why are so many businesses structured as sole proprietorships when the corporate form of business offers more advantages?
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
Transcribed Image Text:Why are so many businesses structured as sole proprietorships when the corporate form of business offers more advantages? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Agency Problems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Pkg Acc Infor Systems MS VISIO CD
Pkg Acc Infor Systems MS VISIO CD
Finance
ISBN:
9781133935940
Author:
Ulric J. Gelinas
Publisher:
CENGAGE L
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College