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.