Real Life Pinellas

As an assignment at school, my daughter’s topic was about hypothermia, wherein the body’s temperature drops extremely low, preventing the natural metabolism and natural functions of our body.  She was reading a lot of articles about hypothermia, and eventually her research led to the effects of hypothermia, and freezing to death is one of them.

She was surprised to find out the countless of reports about people and animals being frozen to death, while out in the middle of winter.  She kept on reading about articles about hypothermia and also news clips on people and animals found frozen to death, what they looked like, their signs and symptoms, and such. She even concluded that most cases of freezing to death was caused by recklessness, like leaving the door open and unlocked, not wearing warmer clothes, going out of the house at extremely low temperature. A her report came to an end, she stated that awareness and judgment are our best weapon against any kind of accidents.

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 organization 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 greatest incentive or reward to the entrepreneur. This is the reason why many entrepreneurs 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.