Why do people prefer establishing a sole proprietorship but not a partnership?

September 10, 2019

Because there are a number of benefits that business owners gain by forming a sole proprietorship
  • It is by far the easiest type of business to start
  • less paperwork required
  • all income goes to the owner
  • A sole proprietor has complete control and decision-making power over the business.
  • It’s easy to change legal structure later if circumstances change
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