Plus - Minus of Sole Proprietorship

___One person owns a business.

Advantages
  1. Easy to form and dissolve.
  2. Owner keeps all profit.
  3. Flexibility & Secrecy.
  4. Tax simple (File a "Schedule C.")
Disadvantages
  1. Unlimited liability.
  2. Lack of continuity.
  3. Limited ability to borrow.
  4. Limited skills and knowledge.

74% of all American Businesses
__6% of all American Sales Receipts
.
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