Sole proprietorship or partnership which is better in business

[Bisolami]

For me I am in deep love with the sole proprietorship. The reasons behind this being as the sole owner for the business I would have a fully control of the business which can result into more profits.

Exactly
The profit will be for only you and if you are to lose money, it will also be for only you and that is where problem always come in. Even at that, it is better to own your business alone

 

[eldavis]

There are a lot of complications in partnership but when all the share holders have a collective idea then there shouldn't be much fuss .

Yes this is usually the problem with partnership majority of the time. Everyone has something to say or has an opinion about it. Due to this, it usually takes a lot of time before any real decision is being made.

 

[Bisolami]

And another thing with partnership business is that evetuone will want their opinions to be put to use but that is not possible. Things like that may cause rift between business owners

Yes this is usually the problem with partnership majority of the time. Everyone has something to say or has an opinion about it. Due to this, it usually takes a lot of time before any real decision is being made.

 

[Heatman]

This depends on the kind of business one want. sole proprietorship is good for only having the profit to yourself but partnership is more easy to bear since it consists of more people

If I have the capital and resources to manage my business successfully I don't think I will have any need of going into a partnership with another business.

 

[Smalto]

For me, I would go with sole proprietorship, that is if you have the capacity to withstand and carry what comes along with it and you're very ready to persevere to the end, then why not, you would surely make it will sole proprietorship, I prefer sole proprietorship though.

 

[Bisolami]

If I have the capital and resources to manage my business successfully I don't think I will have any need of going into a partnership with another business.

I am someone who does not like to partner with others and I still will not partner with other people when my money is not enough. I prefer to wait till my money is complete before I start the business