Pros & Cons of Sole Proprietorship vs Partnership

[SilverLance]

Many people wonder whether to go solo as a sole proprietor or join forces in a partnership when starting a business.

Sole Proprietorship is easy to start, you have full control, but you also carry all the risks.

Partnership involves Shared responsibility, more resources, but conflicts can arise.

Which do you think works better. Being your own boss or sharing the journey?

 

[gwolf666]

Going solo allows for complete control over the business, but it also means facing all the risks alone. Partnering, on the other hand, provides support and shared resources, although it can lead to disagreements; the best option depends on your personal style and goals.