About & Introduction
Proprietorship Business
Dedicated Team
Professional Individuals
Our power of choice is untrammelled and when nothing prevents being able to do what we like best every pleasure.
Since 1998,
Operating in Birmingham.
Making What’s
Possible in Human Resource
02
Health Care Benefits
The great explorer of the truth the master builders human happiness.
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Dedicated Team
Professional Individuals
Director
Amelia Margaret
Team Leader
Andrew Cameron
Manager
Sofia Charlotte
Why Proprietorship
Fast & Cost Effective
A Sole proprietorship is a business, owned, controlled and managed by a single individual. A Sole Proprietor reaps the financial rewards and is responsible for all risks and liabilities while conducting the business. It is suitable for individually managed occupations like salons or small retail shops
Sole Proprietorship
Benefits of a Sole proprietorship
Swift decisions – A sole proprietor has complete responsibility in terms of making business decisions. It results in faster decision-making for the business as there is no need to consult multiple parties for every minor issue. Confidentiality – A sole proprietor can keep all business-related information to themselves as the business’s only decision-maker. The law does not bind them to make the accounts of a sole proprietorship public. Profit-sharing – A sole proprietor has complete ownership of profits arising from business operations. They are not obligated to share profits with anyone else. Fulfilment – Since a sole proprietor is responsible for both risks and rewards of their business, even a minor success can give a greater feeling of pride and satisfaction than other business forms.
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Affordable & Flexible
Lack of Resources – It is challenging to raise vast amounts of capital in a sole proprietorship compared to a partnership or company. This form of business runs mainly on personal savings and borrowings made by its owner. Lack of adequate finances can become an obstacle in growing the business. Dependence on owner – The owner and their business are a singular entity in a sole proprietorship. While this has several advantages, the continuity of this form of business depends solely on the owner’s well being. In case of death, insolvency, imprisonment, etc., it can shut down if there is no successor or heir to continue the business. Unlimited Liability – If the proprietor cannot pay debts arising out of business from its assets, his/her personal property is also at stake. This results in sole traders taking zero or very minimal risks to ensure the survival of the business. Management – The proprietor has to perform most or all the activities related to the business like purchase, client relationships, sales, marketing, accounting, etc. They may employ others to help in business operations, but limited finances may prevent the owner from getting full-time staff and give them attractive remuneration. As such, the proprietor may have to carry out all activities without much assistance from others. Con
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Limitations of a sole Proprietorship
(1) Limited Resources - Resources of a sole proprietor are limited to his savings and borrowings from the relatives. Banks also hesitate or deny giving the long term loans or extend the limit of long term loans due to the weak financial position of the business. Lack of all these resources results in hindrance in the growth of the sole proprietorship business Above mentioned are the reason why the business generally remains small. (2) Life of a Business Concern - The owner and its business is the same entity and due to lack of successor or heir, the life of the business is limited. Due to death, insolvency, illness of a proprietor gives a detrimental impact on the business which results in closure of the business. (3) Unlimited Liability - The major demerit of a sole proprietorship is that the owner has unlimited liability. If the sole owner becomes fails to pay the debts, due to the failure of a business, the creditors would not only claim from business assets but also from his personal estate. Taking a large amount of loan is too risky and also put the burden on the sole owner of the business. Hence, this is the reason why sole traders do not intend to take the risk for the survival and growth of the business. (4) Limited Managerial Ability - The sole proprietor has to accept all the responsibilities to carry out its business. Sometimes the proprietor has to perform all the managerial functions like sales, purchase, marketing, selling, dealings with clients, etc. He may not be able to employ and retain aspiring employees.
Read MoreWhy Creote.
Affordable & Flexible
Must explain too you how all this mistaken idea of denouncing pleasures praising pain was born and we will give you complete account of the system the actual teachings of the great explorer.
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Flexible Plan
Perfect for Small & Lare Brands
Bronze Package
Pricing plan for startup company
149$
Loves or pursues or desires obtain pain of itself is pain occasionally.
- 4-5 Weeks from to finish
- Data sprint
- Results revision
- 20 Days of support
- Organisational Strategy
Popular
Silver
Package
Pricing plan for startup company
249$
Loves or pursues or desires obtain pain of itself is pain occasionally.
- 4-5 Weeks from to finish
- Data sprint
- Results revision
- 20 Days of support
- Organisational Strategy
Gold
Package
Pricing plan for startup company
349$
Loves or pursues or desires obtain pain of itself is pain occasionally.
- 4-5 Weeks from to finish
- Data sprint
- Results revision
- 20 Days of support
- Organisational Strategy
Bronze Package
Pricing plan for startup company
349$
Loves or pursues or desires obtain pain of itself is pain occasionally.
- 4-5 Weeks from to finish
- Data sprint
- Results revision
- 20 Days of support
- Organisational Strategy
Popular
Silver
Package
Pricing plan for startup company
549$
Loves or pursues or desires obtain pain of itself is pain occasionally.
- 4-5 Weeks from to finish
- Data sprint
- Results revision
- 20 Days of support
- Organisational Strategy
Popular
Gold
Package
Pricing plan for startup company
949$
Loves or pursues or desires obtain pain of itself is pain occasionally.
- 4-5 Weeks from to finish
- Data sprint
- Results revision
- 20 Days of support
- Organisational Strategy
Quote About
Customers Experience
Jacob Leonardo
Senior Manager of Excel Solution
While running an early stage startup everything feels
hard, that’s why it’s been so nice to have our accounting
feel easy. We recommed Qetus.
Jacob Leonardo
Senior Manager of Excel Solution
While running an early stage startup everything feels
hard, that’s why it’s been so nice to have our accounting
feel easy. We recommed Qetus.
Jacob Leonardo
Senior Manager of Excel Solution
While running an early stage startup everything feels
hard, that’s why it’s been so nice to have our accounting
feel easy. We recommed Qetus.
Find Out Our
Insights & Intelligence
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