What conclusions can you draw by comparing sole proprietorships to other business models?
Sole proprietors have no legal or tax obligations to any level of government whereas corporations must pay double taxation
Sole proprietors have unlimited personal liability whereas owners of corporations are free from personal liability for debts of the business.
Sole proprietors have more regulations on health and safety than owners of franchises because the parent company conducts safety inspections.
Sole proprietors have an easier time obtaining credit than partnerships do because of the risk that partners may fight and end their business arrangement.