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Small Business Management 6th Edition by Timothy Hatten
Edition 6ISBN: 978-1285866383Small Business Management 6th Edition by Timothy Hatten
Edition 6ISBN: 978-1285866383 Exercise 14
Sole proprietorships account for 76 percent of all U.S. businesses and generate 6 percent of all business revenue. Only 18 percent of all sole proprietorships are incorporated, but they generate 90 percent of all revenue. What do these statistics tell you about the two forms of ownership?
Explanation
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Sole proprietorship:
A sole proprietors...
Small Business Management 6th Edition by Timothy Hatten
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