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Ostrovityanka [42]
3 years ago
15

What is a benefit of sole proprietorships that corporations and partnerships do not have?

Advanced Placement (AP)
1 answer:
Feliz [49]3 years ago
7 0

Answer:

A single owner with full control

Explanation:

<u>These are the main benefits of a sole proprietorship over a partnership:</u>

  • It’s easier and cheaper to form. It has fewer government regulations
  • As the sole owner, you have complete control over your business
  • All the profits earned by the business are yours, and you don’t have to share them
  • You don’t have to pay any individual income taxes
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