Advantages and Disadvantages of Sole Proprietorships

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Ease of Formation

SP Advantage

Possible Tax Advantages

SP Advantage

Pride of Ownership

SP Advantage

Retention of Control

SP Advantage

Retention of Profits

SP Advantage

Lack of Permanence

SP Disadvantage

Limited Financial Resources

SP Disadvantage

Limited ability to attract and maintain talented employees

SP Disadvantage

Unlimited Liability

SP Disadvantage


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