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Question
What are 3 advantages of a sole proprietorship?
What are 3 advantages of a sole proprietorship?
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Solution
The 3 advantages of sole proprietorship are as follows:
- Very easy to set up with minimum requirements.
- It is possible to hire many employees.
- Owners enjoy complete control over the business.
Also read:
- Sole Proprietorship
- Difference Between LLP and Partnership
- Difference Between Sole Proprietorship and Partnership
- Difference Between Partnership Firm and Company
- Difference Between Dissolution of Partnership and Dissolution of Firm
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
The 3 advantages of sole proprietorship are as follows:
- Very easy to set up with minimum requirements.
- It is possible to hire many employees.
- Owners enjoy complete control over the business.
Also read:
- Sole Proprietorship
- Difference Between LLP and Partnership
- Difference Between Sole Proprietorship and Partnership
- Difference Between Partnership Firm and Company
- Difference Between Dissolution of Partnership and Dissolution of Firm
Learn about more commerce questions and answers from different topics in business studies, economics and accountancy from our website.
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