หน้า 235
In a sole proprietorship, an owner is free from interference by partners, shareholders, and directors. However, a sole proprietorship lack some of the advantages of other legal forms. For example, there no limits on the owner’s personal liability-that is, the owner of the business has unlimited liability, and thus his or her personal assets can be taken by business creditors if the enterprise fails. For this reason, the sole proprietorship form is usually the practical choice only for very small businesses. In addition, sole proprietors are not employees of the business and cannot benefit from the advantage of many tax-free fringe benefits, such as insurance and hospitalization plans, which are often provided by corporations for their employees.