One of the first things you do when you start a company is choose a business structure. A sole proprietorship is the simplest of all the business entities to form, and it does offer several convenient advantages along the way. When you become more familiar with each and every option you can make a wiser decision about your business future.
So, what are some of the advantages of a sole proprietorship?
1. No paperwork with federal and state governments to register.
2. The owner has complete control…and responsibility.
3. All income flows to the owner.
4. Tax filings are much simpler.