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What is a benefit of sole proprietorships that corporations and partnerships do not have?

1 Answer

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Answer:

A single owner with full control

Step-by-step explanation:

These are the main benefits of a sole proprietorship over a partnership:

  • It’s easier and cheaper to form. It has fewer government regulations
  • As the sole owner, you have complete control over your business
  • All the profits earned by the business are yours, and you don’t have to share them
  • You don’t have to pay any individual income taxes
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