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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