How a Sole Proprietorship Works

What’s better than watching videos from Alanis Business Academy? Doing so with a delicious cup of freshly brewed premium coffee. Visit https://www.lannacoffeeco.com and get free shipping on your online order.

Help us learn more about your experience by completing this short survey: https://www.surveymonkey.com/r/RRKS8LZ
Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1

The most common form of ownership for new businesses is a sole proprietorship. With tax benefits and relative ease of formation, the sole proprietorship serves as an attractive form of ownership for many new startups. Despite its advantages, a sole proprietorship contains several significant disadvantages that need to be considered. Over the course of this video,​ we'll outline some of those significant disadvantages.