Vital-Expo

Ease and low cost of formation and dissolution. It is easy and cheap to start, and it is also easy and cheap to dissolve.  It requires small capital and there are no legal papers needed. Usually, only a license business papers are required. On the other hand, if such form of business organizaition decides to close its operations, there are no legal procedures to comply with. The owner has of course the obligation to pay his creditors.

Retention of all profits. All profits belong to the owner of the business. This is the greastest incentive or reward to the entrepreneur. This is the reason why many entrpreneurs prefer the sole proprietorship.

Independence and flexibility. The owner is the boss. He makes his own decisions and implements them in accordance with his will or wish. For instance, the owner can change his business hours, his products or prices. He can also change his style of management.

Tax advantage and less government regulation. The owner does not pay several kind of taxes. Usually, his earning are taxed as personal income tax.Likewise the government has very minimal regulation and supervision over a single proprietorship. The owners deal with the government when they pay their business licenses, permit and taxes.

An organization i a group f two or more persons who work together to attain a common set of goals. A mini store owned and managed by a family is an organization. In the same manner, Corporation is an organization. A credit cooperative is also an organization

Organizing is a process of combining and coordinating resources and activities in order to accomplish efficiently and effectively certain objectives. However, organizing has a more important rols. This is the proper developement of human resources. the best resources of the organization are its employees not money, machines, materials or buildings. Hence, the entrepreneur must hire the best and the brightest, and then further develop them in line with the philosophy of the organization.