Forms of Organization

Sole proprietorship
requires the least amount of capital and personnel;
very simply to start;
very few government and legal regulations to comply with;
the sole proprietor owns all the business assets;
keeps all the profits of the business;
the business itself pays no tax;
the owner has the opportunity to be successful;
the owner must pay personal income taxes on his profits;
the owner enjoys his freedom to make decisions about his business.
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