Contents
• Being an entrepreneur implies great advantages such as those listed below, and at the same time it is important to analyse the personal implications that a person, or group of people may have, to develop a business project, as well as the inconveniences that comparatively with other professional dedications can introduce oneself.
• Among the advantages that we can highlight are the following:
1. Enjoy the satisfaction of being one your own boss, with the power to do things the way you want.
2. Work is created for others, in favour of the improvement of the locality and region, which produces satisfaction on a personal and professional level.
3. At present, the figure of the entrepreneur is gaining prestige, respect and social admiration in an increasing manner, which also rewards from a social point of view.
4. As an entrepreneur you can collaborate in events with the community, which produces personal satisfaction.
5. A personal initiative is shaped and personal challenge is stimulated.
6. It is an alternative to employment, and at the same time it works for oneself.
7. You can make your dream, project or idea come true.
8. Learning and daily knowledge in "the jungle of the market".
9. Increase the circle of relationships and new friendships in the business environment.
10. Long-term rewards can be obtained, contributing to securing the future itself, establishing a retirement savings fund or selling the business at the appropriate time when capital gains are obtained.
• On the other hand, in any company creation project there are problems, which we must learn to face and assume with responsibility. Among them, we list some of the most significant for the good progress of the business:
1. Total dedication to the business and customers.
2. The scope of operations is limited by the resources available or has been captured and, sometimes, this causes frustration.
3. It works many hours and intensely.
4. You will never have the level of security of a salaried employee, as well as a limited degree of stress as a worker can have comparatively.
5. Especially the uncertainty about the progress of the business created and the derivative economic-financial risk is supported.
• AUTONOMOUS ADVANTAGES:
• The choice of this legal form may be justified for fiscal reasons and simplicity in the constitution and formal obligations, the control of the company, possibility of obtaining public aid for the start of the activity.
• AUTONOMOUS DISADVANTAGES:
• Unlimited liability, loneliness of management, difficulty finding financial resources, tax disadvantage if taxed above 25%.
• LIMITED SOCIETY ADVANTAGES:
• Limited liability of the partners, simple management bodies, recommended for small companies with little investment.
• LIMITED SOCIETY DISADVANTAGES:
• Total outlay of the initial capital, complex transmission of the participations of the partners, few possibilities of attracting foreign capital.
• COOPERATIVE SOCIETY ADVANTAGES
• Limited liability to the capital contributed, free entry and exit of the partners, equal rights of the partners, its purpose is the common good of the partners, not the economic benefit, tax bonuses. IS: 20%
• COOPERATIVE SOCIETY DISADVANTAGES:
• Certain complexity in its development, and mandatory provision of reserve funds. Carrying social books, limitation on hiring workers (30%), obligation to deposit the annual accounts.
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Title:
Advantages and disadvantages
Keywords
company, business, legal procedures
Author:
AE
Languages:
English
Description:
• Being an entrepreneur implies great advantages such as those listed below, and at the same time it is important to analyse the personal implications that a person, or group of people may have, to develop a business project, as well as the inconveniences that comparatively with other professional dedications can introduce oneself.
• Among the advantages that we can highlight are the following:
1. Enjoy the satisfaction of being one your own boss, with the power to do things the way you want.
2. Work is created for others, in favour of the improvement of the locality and region, which produces satisfaction on a personal and professional level.
3. At present, the figure of the entrepreneur is gaining prestige, respect and social admiration in an increasing manner, which also rewards from a social point of view.
4. As an entrepreneur you can collaborate in events with the community, which produces personal satisfaction.
5. A personal initiative is shaped and personal challenge is stimulated.
6. It is an alternative to employment, and at the same time it works for oneself.
7. You can make your dream, project or idea come true.
8. Learning and daily knowledge in "the jungle of the market".
9. Increase the circle of relationships and new friendships in the business environment.
10. Long-term rewards can be obtained, contributing to securing the future itself, establishing a retirement savings fund or selling the business at the appropriate time when capital gains are obtained.
• On the other hand, in any company creation project there are problems, which we must learn to face and assume with responsibility. Among them, we list some of the most significant for the good progress of the business:
1. Total dedication to the business and customers.
2. The scope of operations is limited by the resources available or has been captured and, sometimes, this causes frustration.
3. It works many hours and intensely.
4. You will never have the level of security of a salaried employee, as well as a limited degree of stress as a worker can have comparatively.
5. Especially the uncertainty about the progress of the business created and the derivative economic-financial risk is supported.
• AUTONOMOUS ADVANTAGES:
• The choice of this legal form may be justified for fiscal reasons and simplicity in the constitution and formal obligations, the control of the company, possibility of obtaining public aid for the start of the activity.
• AUTONOMOUS DISADVANTAGES:
• Unlimited liability, loneliness of management, difficulty finding financial resources, tax disadvantage if taxed above 25%.
• LIMITED SOCIETY ADVANTAGES:
• Limited liability of the partners, simple management bodies, recommended for small companies with little investment.
• LIMITED SOCIETY DISADVANTAGES:
• Total outlay of the initial capital, complex transmission of the participations of the partners, few possibilities of attracting foreign capital.
• COOPERATIVE SOCIETY ADVANTAGES
• Limited liability to the capital contributed, free entry and exit of the partners, equal rights of the partners, its purpose is the common good of the partners, not the economic benefit, tax bonuses. IS: 20%
• COOPERATIVE SOCIETY DISADVANTAGES:
• Certain complexity in its development, and mandatory provision of reserve funds. Carrying social books, limitation on hiring workers (30%), obligation to deposit the annual accounts.