Since, the profits and liabilities rest on one single person, incorporating a Sole Proprietorship has both pros and cons to it, namely:


  • easy, simplified registration;
  • profits are directly accrued;
  • helpful for small businesses;
  • flexible form of conducting business for small interval of time.


  • Personal liability of owner and losses directly affect him;
  • difficulty in obtaining bank loans or lines of credit;
  • non-transferability and non-heritability.

You might like reading these

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!