Alternative Forms of Business organization torshi P ■Ad Ease of formation Subject to fe ulations No corporate income taxes Disadvantage Limited life Unlimited liability Difficult to raise capital A partnership has roughly the same advantages and disadvantages as a ole proprietors 2013-2-25 1-52013-2-25 1-5 Alternative Forms of Business Organization • Sole proprietorship „ Advantages: ¾Ease of formation ¾Subject to few regulations ¾No corporate income taxes „ Disadvantages: ¾Limited life ¾Unlimited liability ¾Difficult to raise capital • Partnership „ A partnership has roughly the same advantages and disadvantages as a sole proprietorship. • Corporation