Access to more extensive networks and resources

Difficulty in expanding the business due to limited capital

Ability to attract top talent through employee stock options

Enhanced flexibility in adopting changes and innovations

The owner of a sole proprietorship has no liability.

The owner of a sole proprietorship has complete control over the business.

Owners of sole proprietorships can quickly raise capital for expansion purposes.

The sole proprietorship's existence does not depend entirely upon the sole proprietor.

The business and the owner are legally distinct entities.

The business is a separate legal entity from the owner.

The business and the owner are considered the same legal entity