Sole Proprietorship Advantage$/$Disadvantage

i$.$ The business is easily formed. fill in the blank $1$ of $5$

Advantage

ii$.$ Control over the operations of the business is maintained by the owner. fill in the blank $2$ of $5$

Disadvantage

iii. Sole proprietorships pay less taxes relative to corporations. fill in the blank $3$ of $5$

Advantage

iv$.$ The owner is personally liable for the debt of the business. fill in the blank $4$ of $5$

Disadvantage

v$.$ The life of the business is limited to the owner$$s life.