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