Question

importance of sole proprietorship

Answer 1

Answer:

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Explanation:

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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Answer 2

Sole proprietorship is the most basic form of business with flexibility to run. Easy to form, direct control over operations and less compliance requirements are the reasons to choose this form compared to other. ... Independent operations.