# data[].attributes.body
Doubling taxation
Excessive tax filing
Self management

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Limited liability
Ownership transfer
Source of capital

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A partner cannot transfer interest in the business without the unanimous consent of the partners

If a partnerwere to join or leave, you will probably have to value all the partnership assets and this can be costly

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Two head or more is better than one
Business affairs are private
Easier working conditions

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All responsibilities and business decisions fall on the shoulders of the single business owner

Investors won’t usually invest in sole proprietorships

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No corporate tax payments
Few formal business requirements
Minimal legal costs to forming a sole proprietorship

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Perpetual life
Capacity to Contract
Centralized management

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Existence of business
Agency relationship
Membership

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Ownership
Liability
Risk

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A company/group of people authorized to act as a single entity.

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When a business is controlled by two or more people.

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When a business is owned by one person. The Easiest business form under which one can operate a business