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Sole Proprietorship

Published on Nov 25, 2015

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PRESENTATION OUTLINE

1.

SOLE PROPRIETORSHIP

Chelsea, M.J., Paige. Courtney, Brandi, Shelbie
Photo by Stuck in Customs
2.

ADVANTAGES

  • Complete control & decision making power
  • No corporate tax payments
  • Few formal business requirements
  • Minimal legal cost to form
Photo by RichTatum
3.

DISADVANTAGES

  • Held personally liable for debts
  • Personally liable for obligations of the business
  • Investors usually won't invest in it
  • Mostly rely on loans and personal assets
Photo by Josh Kenzer
4.

EXAMPLES

  • Party's Place
  • Carwash
  • Branscomes
  • Shut the front door
  • Snapdragon
  • Lees restaurant
  • Leas southern charm
Photo by halfrain
5.

OWNERS IN ORDER

  • Patty Hopper
  • Jim Ross
  • Randy Branscomes
  • Paige Albert
  • Lea
  • Leann Latimer
Photo by northbaywanderer

Chelsea Ghrigsby