A sole proprietor can own the business for any duration of time and sell it when he or she sees fit. As owner, a sole ...

The advantages of a sole proprietorship include: Owners can establish a sole proprietorship instantly, easily and inexpensively. Sole proprietorships carry little, if any, ongoing formalities.

Sole proprietorships and LLCs both have advantages and disadvantages. Sole proprietorships are simpler and cheaper to set up and run, while LLCs provide liability protections that sole ...