what are the advantages and disadvantages of the sole
proprietorship form of organization?
Provide specific examples.
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Accounting
what are the advantages and disadvantages of the soleproprietorship form of organization?
Provide specific examples.
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A sole proprietorship is a business that can be owned and controlled by an individual a company or a limited liability partnership There are no partners in the business A sole proprietorship can have multiple people operating the business but it must have one sole owner ADVANTAGES OF SOLE PROPRIETORSHIP Easy to Form Proprietary concerns can be formed easily and quickly Very few legal formalities need to be fulfilled A person becomes a sole proprietor simply by running a business Full Control In sole proprietorship
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