Introduction to Sole • Sole proprietorship is a simple business structure

where an individual operates a business as the sole

Proprietorship owner. It's the most common form of business in
the world.
Advantages of Sole • Advantages include full control, minimal
formalities, and direct profits. It's a low-
cost and flexible way to start a business.
Proprietorship
Disadvantages of
Sole
Proprietorship
• Disadvantages involve unlimited
personal liability, limited access
to capital, and relying on the
owner's expertise.
 Key Characteristics

• Sole proprietorships are owned by a single

individual, have no legal distinction between the
owner and the business, and are easy to establish.
 Examples of Sole Proprietorships
• Common examples include small local businesses, freelance professionals, and independent
consultants.