What are the advantages of a sole proprietorship?

Question

04-06-2015
Business

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What are the advantages of a sole proprietorship?

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GamerGirl15 GamerGirl15 · Answer 1 · 2015-06-04T18:49:05-04:00

GamerGirl15 GamerGirl15

04-06-2015

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

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rickyguinto rickyguinto · Answer 2 · 2021-01-07T21:49:51-05:00

rickyguinto rickyguinto

07-01-2021

Answer:

It is the least regulated form of business organization.

Explanation:

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