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