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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1468 |
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All profits of the business are taxed as individual income. The sole proprietorship has unlimited liability for business debts and obligations. No distinction is made between personal and business assets.
The life of the sole proprietorship is limited by the life of the sole proprietor. Because the only money invested in the firm is the proprietor’s, the equity money that can be raised by the sole proprietor is limited to the proprietor’s personal wealth†(Ross, et al,2004 p...
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If John (CEO of Shang-wa) accepts it, LEI stands to lose upwards of 45 percent of expected revenues over the next five years. Fortunately, there are some options. Lester will have to run some numbers to see what the best course is. LEI is aware it will have to do something. Doing nothing will devastate them (Scenario, 2008)...
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