finance Archives - Advantages & Disadvantages

There are some things in life that humans have control over. They cannot stop certain events from happening. But, they can take some precautions to make sure these events don’t happen. Even then, if these events start to happen, there is nothing that can be done to stop them. In situations like these, the most obvious choice would be to minimize the damage. These events can also lead to huge financial losses, which is where insurance comes in. One type of insurance is life insurance. So here are its own advantages and disadvantages. WHAT IS INSURANCE? It can be termed as a form of risk management. Insurance is a contract that works as a means of protection from financial loss. It is represented by a policy, in which an individual or entity receives financial protection or reimbursement a...

When an individual decides to start a business, they have hundreds of decisions to make. They have to decide the scale of their business, the location, and many more. One very important decision that they have to take is with regards to the ownership of their firm. There are various options to choose from. One of them is sole proprietorship. Like all other options for all questions in the world, it has its own advantages and disadvantages. WHAT IS SOLE PROPRIETORSHIP? Sole proprietorship is the oldest and most common form of business ownership. Its name is pretty self-explanatory. sole+proprietorship. “Self” implies one’s own and “proprietorship” implies ownership. A sole proprietorship is a business entity that is fully owned by one person. This individual owner is known as a “sole prop...

Tag: finance

Advantages and Disadvantages of Life Insurance

Advantages and Disadvantages of Sole Proprietorship