Mark for follow up Question 15 of 35. Retur. Which of the following is NOT an advantage of being a sole proprietorship? A sole proprietorship has no separate annual tax return for the business, it is part of Form 1040, U.S. Individual Income Tax A sole proprietor has full control of all aspects of the business, from which work to take to purchases that are made. A sole proprietorship is a pass-through entity. A sole proprietorship is very easy and inexpensive to begin. D Mark for follow up Question 16 of 35. Under the general valuation rules, the value of a fringe benefit is the: O Amount actually paid by the employer for the benefit. O Amount the employee considers to be the value of the benefit. Fair market value of the benefit. The lower of A, B, or C