The Pros and Cons of Sole Proprietorship
Advantages of Sole Proprietorship
Disadvantages of Sole Proprietorship
A sole proprietorship is taxed the same as a C corporation. A sole proprietorship is the most regulated form of organization.Answer: The life of a sole proprietorship is limited.
Explanation:
A sole proprietorship simply means a one man business where the owner manages, controls the business and enjoys the profits alone.
A sole proprietorship has a limited liability as its life is limited. Normally, the death of the owner would result in the end of the business and the owner bears the loss alone.
A sole proprietorship is not taxed the same as a C corporation and it isn't the most regulated form of organization.
Can a sole proprietor raise large sums of capital easily? Yes, a sole proprietor can generally raise large sums of capital quite easily.