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If an individual forms a sole proprietorship, which nontax factor will be of greatest benefit to the sole proprietor?

Sagot :

Liability Insurance  Protection is the greatest benefit to the sole proprietor,

Sole proprietorship means a business own by an individual , where there is no partner , the profit from the business totally belongs to the owner and no share  is to be given to anyone else .

When an individual is doing a business as he/she earns the total profit in the same way if there is any loss or damage in the business then also it will be the sole responsibility of the owner . In that case having a liability insurance can help the proprietor in many ways . Liability Insurance Protection protects the business from damage.

Learn more about Liability Insurance Protection .

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