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What are the Risks and Benefits of Sole Proprietorship

As per Lawkidunya, here below we let you some risks and benefits of sole proprietorship.
1.Less paperwork.
2.Easier tax setup.
3.Fewer business fees.
4.Straightforward banking.
5.Simplified business ownership.
6.No liability protection.
6.Harder to get financing and business credit.
7.It’s harder to sell your business.

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