 How long can a debt collect a debt? |
| Back around early to mid 2002 I got a cell phone from Radio Shack with service through Sprint PCS. The service did not work in my area as the sales person said it would. Now, over sic years later, ... |
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 Can store clerks do this |
| ok me and my friend just got done runnning i went to the corner store with him so i could buy us drinks and i only had a $5 and it came out to $5 8 cents and she said u have to put something ... |
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 Which is better to work at part time, Sam's Club or Costco and why? |
I'm a college student, looking for a part time job. Which place is better work at Sam's Club or Costco and why?
Also, anyone who has experience working there please let me know ... |
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 Is Anyone Else Frustrated with Ebay Customer Service?? |
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 Microsoft bids $44.6 billion for Yahoo ?? |
Microsoft Corp. is offering $44.6 billion in cash and stock for search engine operator Yahoo Inc. in a move to boost its competitive edge in the online services market.
What changes do ... |
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 In the Digital Economy how can any company make money while giving its products absolutely free? |
| In the new economy (digital Economy) how can any company make money (earn profit) while giving its goods & Services absolutely free? Is there any way to do that and what can be different possible ... |
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marqueshottie | Can sole proprietorship companies become very successful? |
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Flyboy
 |
The form of the business (Proprietorship, LLC, S-Corp, etc.) has less to do with success than just about any other factor. Statistically, more sole proprietorships fail than any other type simply because this is the most common form for a new business and businesses less than one year old have a higher failure rate than any other age group.
But, to say that a sole proprietorship has less chance to be successful than any other form, everything else being equal, is flat out wrong. Put another way the failure rate would not fall if all new businesses incorporated from the get-go. |
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cartman
|
yes they can, if managed carefully.
advantages are:
you will be your own boss
your business accounts will be a secret to yourself
easy to set up
easy to keep control, as the business will be small
disadvantages are:
noone to share business problems with
risk of unlimited liability, that means the sole trader can be forces to sell personal assets to cover any business debts
nobody to take over the business after they die
that's all i could think of. |
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Artieo
 |
Any company can become very successful regardless of its legal status (s corp, c corp, sole proprietor, partnership, etc). However, if the company begins to do really well, you may want to incorporate in your state of operations, just for the simple fact that if someone sues you under a sole prop. you and everything you own personally can be up for grabs. If you were, lets say an s corp, you have the "corporate veil" that protects you and in the case of a lawsuit the most they can get from you is the assets that the company owns. |
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alanpks4
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Yes but it is alot of hard work.
One advantage is you don't end up with something like if you have a partner, there is always the tendencecy for one to view that they do more work than their partner.
This is a real problem. |
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Trinidad D
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No, In today business envrioment i can't see how anyone can build a company that will produce a healthy life. Business is trouble, with wal-mart and ARS theirs little room for profit. |
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