What are some of the advantages of a sole proprietorship, and how do these differ from those of limited partnerships?

What are some of the advantages of a sole proprietorship, and how do these differ from those of limited partnerships?

Sole Proprietorship form of business have the following pros as compared to Limited partnership

-Low or no additional compliances

-100% control, you steer your own ship!

-Beneficial from a taxation point of view(Indian Tax Laws)

-No separate identity apart from it's proprietor hence no incorporation or liquidation costs.


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