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Become A Sole Proprietor

The main advantages of a sole proprietorship are that is simple, flexible, inexpensive, and provides
centralized management.

The disadvantages are the unlimited liability and lack of continuity of existence. The sole proprietorship simply treats the business as an extension of the owners for tax and legal purposes; its income is the same as the owner’s, and the owner is liable for all debts and obligations.

Although most businesses are still conducted through sole proprietorships, the form can not
support a growing enterprise.