Small business owners prefer a proprietorship over other forms of business because it:

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Small business owners prefer proprietorship over other forms of business because it provides relative freedom of action and control. As a sole proprietor, the business owner has complete control over all aspects of the business and can make decisions quickly without consulting anyone else. It also allows the owner to keep all of the profits rather than having to share them with partners or shareholders. However, proprietorship does not provide access to unlimited capital, has a limited life, and may make it more difficult for the owner to obtain credit.

Small Business Owners Prefer a Proprietorship Over Other Forms of Business