Question 15 of 35. Return 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. O 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. Amount the employee considers to be the value of the benefit. Fair market value of the benefit. The lower of A, B, or C