Sole Proprietorship is the easiest form of business entity in the terms of procedure of establishment.
The cost involved in the formation of a sole proprietary firm is very less as compared to other forms of business.
As compared to other business forms, there are fewer legal compliances with respect to incorporation, operation and taxation.
As Sole Proprietor is the single owner of his business, he surely has independent control over his operations.
This is the only form of business entity that can be promoted by a single individual.
No corporate tax liability
As per the direct tax laws of India, the sole proprietary entities are not liable to pay flat corporate profit tax, unlike other business forms.