There are many benefits of sole proprietorship company few are listed below:
Fewer compliances
A sole proprietorship firm can be readily founded by one individual. There is a minimum level of compliance that must be met in order for it to be incorporated. This type of business is cost-effective since it is less expensive to establish than a corporation or LLP.
Management of the company
The business owner (proprietor) will have total authority over the company. He will be in charge of all areas of the company. Because the company is operated by a single individual, confidentiality may be preserved.
Making quick decisions
The sole proprietor makes all company choices. The choice is made by a single individual. As a result, choices may be made fast and without discussing with anyone.