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Essay On Individual Proprietorship Enterprise

724 Words3 Pages

Individual proprietorship enterprise means that an enterprise is invested by an individual, owned and controlled by an individual, bears the operating risks and enjoys the full operating income by the individual. The individual proprietorship enterprise operated by the sole proprietorship has unlimited economic liability and the borrower may withhold the personal property of the owner upon bankruptcy. I. Advantages: 1. Because of the ownership and control of assets, as well as the right of management, the right to gain a high degree of unity, it is beneficial to keep the confidentiality of the enterprise and promote the personal entrepreneurship of the owners. 2. That business owners are responsible for their own profits and losses, unlimited liability for the debts of the …show more content…

Shortcomings: 1.It is not conducive to the raising of large amounts of funds. To a certain extent it limits the expansion and large-scale operation of enterprises. 2.Because of the high unity of ownership and management right, the owner has sufficient autonomy, which is not conducive to the continuous operation of the enterprise, which may lead to bankruptcy. 3.Investors are of high risk. The unlimited liability of the enterprise owners not only hardened the enterprise budget constraints, but also brought about the problem that the owners bear too much risk, thus limiting the owners to invest in the high-risk sectors or areas. This is extremely unfavorable to the formation and development of new industries. 4.The basic relationship within the enterprise is the wage labor relationship, and the difference in the interests of both employers and employees constitutes the potential danger of the internal organizational efficiency of the enterprise. The corporate system refers to the corporate enterprise, that is, it has an independent legal subject status. The company system has experienced four stages of development: family company, family holding, external decentralization of shares, and

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