Which of the following is an advantage of sole proprietorship?

Question

Quizplus · Accepted Answer

Sole proprietorship is subject to less government regulation at all levels compared to other forms of business entities such as corporations or partnerships. This is because the business and the owner are considered one entity, and the owner has complete control over the management decisions. However, it should be noted that this also means the owner is personally liable for any legal or financial liabilities of the business.

Which of the Following Is an Advantage of Sole Proprietorship