The sole proprietorship and the partnership have the advantages of being easy to form, and of providing strong motivation and a high degree of independence. Disadvantages include lack of access to financing, lack of managerial expertise, the unlimited personal liability of the owner(s) and higher tax rates once the income of the business exceeds a certain amount. An added disadvantage of the partnership is the possibility of disagreements among the partners.
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FurnacemanOneHour – Heating and Cooling Products
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