Question

Reason for the popularity of sole properietorship business​

Answer 1

Answer

Finally, one of the reasons sole proprietorships are so common is that entrepreneurs often use this business structure as a stepping stone in the formative months of their new businesses. Because it's cheap and easy to set up, a new business owner can use this structure to get the business off the ground.

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Answer 2

Answer: The ease and minimal cost of opening your business is one of the primary reasons for the sole proprietorship's popularity. You also maintain control and management of your company. Your sole proprietorship is limited to one owner by law, avoiding potentially sticky partner and shareholder disagreements