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.