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ADVANTAGES AND DISADVANTAGES OF SOLE PROPRIETORSHIPS
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Starting a sole proprietorship may be a fantastic alternative to traditional business ownership. A sole proprietorship is defined as a business that's owned and operated by one individual, with only themselves as an employee. Sole proprietorships are sometimes mentioned as microbusinesses or lifestyle businesses because they typically don’t require any quite formal training or significant investment.


While very fashionable , this sort of entrepreneurship venture does accompany disadvantages such a scarcity of external funding (bank loans) and investors who could be willing to require losses now to realize future dividends. Before starting your own sole proprietorship, it's important to know the advantages and difficulties of this sort of business so as to form the simplest decision.


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ADVANTAGES AND DISADVANTAGES OF SOLE PROPRIETORSHIPS
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