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Advantages & Disadvantages of Sole Proprietorshipstext - Coggle Diagram
Advantages & Disadvantages of Sole Proprietorshipstext
It's harder to sell your business.
Simplified business ownership
Raising capital be challenging.
More straightforward banking.
It's harder to get financing and business credit.
Born: January 13, 1968 (age 54 years), Scarsdale, NY
Nationality: American
Jeff Bezos quit his job at an investment bank in 1994 and moved to Seattle, Washington, to open a virtual bookstore. Working out of his garage with a handful of employees, Bezos began developing the software for the site, which he called Amazon.com. It sold its first book in 1995.
Andrew R. Jassy is an American business executive who has been the president and chief executive officer of Amazon since 2021.
Amazon.com, Inc. is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
Andy Jassy
It has been referred to as "one of the most influential economic and cultural forces in the world", and is one of the world's most valuable brands.
Easy Setup and Low Cost
No Annual Reports/Filings
You have freedom and flexibility
Straightforward banking
Raising capital can be challenging
Lack of financial control and difficulty tracking
Fewer business fees
Easier tax setup
Lack of investors.
Unlimited personal liability.
