merits of sole proprietorship........
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Explanation:
Advantages of a Sole Proprietorship
- Easy and inexpensive process. The establishment of a sole proprietorship is generally an easy and inexpensive process. ...
- Few government regulations. Sole proprietorships adhere to a few regulatory requirements. ...
- Tax advantages. ...
- Unlimited liability of the owner. ...
- Limitations on capital raising.
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Advantages of Proprietorship
- Easy to Establish. ...
- Easier to Operate. ...
- Sole Beneficiary of Profits. ...
- Compliance & Taxation. ...
- Privacy. ...
- Unlimited Liability. ...
- Difficulty in Obtaining Funds. ...
- Higher Tax Incidence.
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