Which of the following is a major advantage of the sole proprietorship?

Name: Which of the following is a major advantage of the sole proprietorship?
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Question

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The major advantage of the sole proprietorship is the ease of start-up. It is the simplest and least expensive form of business ownership requiring minimal legal formalities to get started. However, it does not offer separation of ownership and control, limited liability for business debt or transferability of ownership and firm continuity over time.

Which of the Following Is a Major Advantage of the Sole