What are the advantages of a sole proprietorship?

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asked Aug 27, 2016 28.5k views

2 Answers

Trenton Trama · Answer 1 · 2016-09-03T01:04:39+0000

Sole proprietorship-is a unincorporated business with one owner who pays personal income tax and profits from the business
Some advantages are:
A sole proprietorship has complete control and can make there own decisions.
No corporate tax payments
Few formal business requirments

What are the advantages of a sole proprietorship?

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