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What Are Some of the Advantages or Disadvantages of a Sole Proprietorship?

April 26, 2017advantages disadvantages proprietorship sole

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What Are Some of the Advantages or Disadvantages of a Sole Proprietorship?

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• The business owners maintain complete control of their business, and within the law, may make decisions as they see fit. • Forming and organizing a sole proprietorship is easy and inexpensive. • Sole proprietors obtain all the income generated by their businesses to re-invest or keep. • If desired, the business owners may easily dissolve the sole proprietorship.