A. They are easily formed, management is in one persons' hands, and profits are not shared.
This creates a business, with a uniquely independent touch. The business is owned and is run by one single person and he/she has sole control of all of the different aspects of the businesses' finances. This is the complete opposite of a partnership, as a proprietorship belongs to one person and is not a company that has been merged. Most proprietorships start as small businesses where the owner has to take a loan and put his or her own money into funding the business he desires.