Problem with continuity of existence: the life of the sole proprietorship is only as good as the lifespan of its owner in other words, the business.
Sole proprietorships a sole proprietorship is a type of business that is managed by one individual there is no distinction between the business and the owner.
Longevity or continuity of the organization: sole proprietors have a track recorded of limited longevity because of the fact that their have a.
Many small businesses are sole proprietorships when a small in other states, submit a similar notice of continuity or dissolution to the secretary of state.
It may have no visible economic activity but still exist, at least in the mind of the owner comparing sole proprietorships with small business activity and longevity .
The development and organization of a sole proprietorship business is very easy, which longevity/continuity-your business will last as long as you last. Instead, the proprietor personally owns all the business assets thus, a sole proprietorship has no continuity of life it automatically terminates by law upon the .