Question

what would you say is an advantage of a sole proprietorship over a partnership? type your answer here rewatch submit

Explanation:

A sole proprietorship has the advantage of simpler decision - making. In a sole proprietorship, the owner has full control and can make decisions quickly without having to consult partners. There's no need to reach a consensus with others, so business operations can be more agile as decisions can be implemented faster. Also, the owner retains all the profits (after taxes) without having to share them with partners, unlike in a partnership where profits are typically divided among partners according to the partnership agreement.

Answer:

One advantage of a sole proprietorship over a partnership is that the sole proprietor has complete control over decision - making (no need to consult or reach an agreement with partners) and gets to keep all the profits (after fulfilling tax and other obligations) without having to share them with others.