Despite limitations of size and resources, many people continue to prefer sole proprietorship over other forms of organisation? Why?

There is many benefits of sole proprietorship over other forms of organisation and for which prefer the most. Here are some of the benefits:

a. There are hardly any legal formalities to be fulfilled by a sole proprietorship firm to set up. It can be started and close according to the wish of the owner.

b. A sole proprietorship can alone take all the decision.

c. A sole proprietorship is the recipient of all profits earned from business and this motivates others to operate a business.

d. It is highly flexible in operation as it can adapt to any situation. This is possible because it involved only one person and he holds everything.