Business BUSINESSES It is known that commercial life is bounteous of risk. Co-operation of closed chain or small businesses constitutes big companies and businesses. Owning a business has piles of advantages and disadvantages. We can classify businesses in five basic categories. cause of all, the easiest way to set up a business is smooth up trading. Everyone can start sole trading advantageously because it requires non so much investment and procedures. Stationers, grocers, bakers etc... can be safe examples for sole trading. The owner of the business takes all profits and rightful(prenominal) creditworthy for his own business.
He doesn?t have to enforce so many people, and it is easy to direct the company. If the company goes debt, he bequeath be responsible for the debts and will be compel to even off them. Secondly, another and safer kind of business is partnerships. Partnerships require at least(prenominal) two people. A partnership is the division of responsibilities and cumulating of antithetic skills. all told partners invest money to es...If you want to get a full essay, order it on our website:
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