How a Sole Proprietorship Works | Introduction to Legal Structures

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Published – 08/01/2019 6:42 pm

The most common form of ownership for new businesses is a sole proprietorship.

With tax benefits and relative ease of formation, the sole proprietorship serves as an attractive form of ownership for many new startups. Despite its advantages, a sole proprietorship contains several significant disadvantages that need to be considered. Over the course of this video,​ we’ll outline some of those significant disadvantages.

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