two advantages of the form of ownership
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There are several advantages that, generally speaking, come with success in business ownership:
Independence. As a business owner, you're your own boss.
Lifestyle. Because you're in charge, you decide when and where you want to work.
Financial rewards. ...
Learning opportunities. ...
Creative freedom and personal satisfaction.
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It's the easiest to set up because it doesn't require the filing of any papers. States do not require the registration of proprietorships. Profits are only taxed once on the owner's personal tax returns. The owner has complete control of the business and makes all the decisions.
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