Business opportunities

 Business opportunities

in a partnership, if all the. participants agree. to someone's business, then the partnership is. formed.

(2) Interest in Business

In an owned business, the owner. of the business is the sole heir of the business, so he is. interested. in his business so that the business grows well.

To make the largest profit from. it and thus the partnership is also established so that the business under. the partnership

The largest. profits can be. made and all participants can enjoy the business done under the partnership.

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(3) Personal Interest

The virtue of a sole. proprietary. business is that it involves the personal interest of the owner of the business, so he is. involved in organizing the business.

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the personal interest of all participants in the partnership

is associated with the business done under

the partnership or words

Under other partnerships, both the business and the sole proprietorship are. established for, the sake of, self-interest.

(4) Business Opportunities, (Business opportunities)

the. business in a sole proprietary business, the. owner of the. robe makes all the decisions of the business himself, so he is the businessman.

Pawar takes advantage of the opportunities. and takes steps for the development of the business, as well as in. partnership, if all the participants are. satisfied with the issues.

If they are familiar, they make. quick decisions keeping in mind the business opportunities for development. of the business.

(5) Public Confidence

In a single-owned business, the owner. of the business is in touch with the customers and he. takes complete care of the likes and dislikes of the customers, due to which

It gets the trust of the people if it is. run in a very organized manner under the partnership, then this type of business is also run by the public.

Full confidence is. gained.

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Proprietary Business and Partnership Flaws (Demerits of Partnership and Sole Proprietorship)

While there are common qualities in proprietary. businesses and partnerships, there are also many. common shortcomings in such businesses.

Due to this, the development of the business is. hindered. The common flaws in a single proprietary business and partnership are as follows:

can be. described.

(3) Limited life (4) Limited. capital (5) Lack of continuity (1) Unbridled liability (2) Administrative matters

(1) Unlimited Liability

In a sole proprietary business, the owner of the company is the individual, so his liability is. unlimited and in the event of any loss in the business, if

If it is not possible to repay the business. loan, then the business owner can sell his personal assets and make business loans.

have to pay. Similar

The responsibility. of all participants in the partnership is. unlimited and all participants, and, are. obliged to repay the debt.

In this case, the personal property of the participants can also

be used to fulfill this.

(2) Administrative Affairs

In an owned business, all the administrative affairs of the business have to be. supervised by the business owner, so many of the administrative matters are. taken care of.

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