Advantages of sole trading
It's inexpensive, simple to set up and easy to maintain.
You have complete control over the management and direction of your business.
You own all your business's profits and assets.
There is less paperwork than other business structures.
Minimal statutory provisions and government regulations govern how you operate your business.
Unlike companies, you do not have to disclose your profits to the public (i.e. greater privacy).
Disbanding is relatively easy. You keep any after-tax gains if you sell the business.