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Minimum legal organization requirements.
It affords the greatest amount of privacy—one person is sole owner.
It gives greatest personal contact with customers, employees, etc.
It permits relative freedom from government control.
No income tax levy on business (but on owner only).
It often has very real social security and income tax advantages.
But this form of operation does have disadvantages. Read the following list and again check whether this form of operation is correct for you.
Related terms include business performance and business consolidation debt loan small.
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