QUESTION
List the five benefits of being a sole proprietor.
What will be an ideal response?
ANSWER
Answer: (1) Start up the business with ease. (2) Make all your own decisions. (3) Keep all the profits. (4) Keep your taxes relatively simple. (5) End the business with ease.
Explanation: The five benefits of being a sole proprietorship are: (1) Start up the business with ease. (2) Make all your own decisions. (3) Keep all the profits. (4) Keep your taxes relatively simple. (5) End the business with ease.
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