Advantages and Disadvantages of Sole proprietorships

Taxation

Advantage and Disadvantage

Closing the Business

Advantage

Distribution and Use of Profits

Advantage

Ease and Cost of Formation

Advantage

Flexibility and Control of the Business

Advantage

Government Regulation

Advantage

Secrecy

Advantage

Lack of Continuity

Disadvantage

Lack of Qualified Employees

Disadvantage

Limited Skills

Disadvantage

Limited Sources of Funds

Disadvantage

Unlimited Liability

Disadvantage