advantages(sole propiestorshipe)
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Advantages of a Sole Proprietorship:
1.)Easy and inexpensive process. The establishment of a sole proprietorship is generally an easy and inexpensive process.
2.)Few government regulations. Sole proprietorships adhere to a few regulatory requirements.
3.)Tax advantages.
4.)Unlimited liability of the owner.
5.)Limitations on capital raising.
or,
Advantages of a Sole Proprietorship:
1.)A sole proprietor has complete control and decision-making power over the business.
2.)Sale or transfer can take place at the discretion of the sole proprietor.
3.)No corporate tax payments.
4.)Minimal legal costs to forming a sole proprietorship.
5.)Few formal business requirements.
or,
One of the functional advantages of sole proprietorships is that they are easier to set up than other business entities. A person becomes a sole proprietor simply by running a business. Another functional advantage of a sole proprietorship is that the owner maintains 100% control and ownership of the business.
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