Sole proprietorship advantages and disadvantages
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advantage 2
freedom in management
disadvantage 1
unlimited liability
advantage 3
all profit and loss to owner
disadvantage 2
business solely dependable on owner
disadvantage 3
difficulty in securing loans
disadvantage 4
difficulty to sell the business
advantage 1
easiest to manage
advantage 4
lowest initial set-up cost
advantage 5
no corporate tax payments
