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Benefits of Sole Proprietorship by Risha Mae Salingay is a document available to read on EtoBox.

What is Benefits of Sole Proprietorship about?

The document discusses the benefits and disadvantages of sole proprietorships. Some key benefits are that they are easy and inexpensive to set up, the owner has full control and ownership, and business losses can offset personal income. However, sole proprietors face unlimited personal liability, difficulties getting contracts, and it is hard to sell the business. Taxes and accounting are also simpler compared to other business structures.

Author

Risha Mae Salingay

Language

EN