Question

what are the merits is limitations of sole proprietorship​

Answer 1

Answer:

A᭄ɴsᴡᴇʀ✎﹏﹏﹏﹏﹏﹏⬇️⬇️

Explanation:

Tax advantages

Unlike the shareholders of corporations, the owner of a sole proprietorship is taxed only once. The sole proprietor pays only the personal income tax on the profits earned by the entity. The entity itself does not have to pay income tax.

Answer 2

Answer:

Merits:

1.quick decision

2 Easy to form and wind up

3.self employment

4.Direct motivation

5 maintenance of business secrets

LIMITATIONS :

1.Limited resources

2 unlimited liability

3.wrong decisions