Which of the following is a benefit of a sole proprietorship?

A sole proprietorship offers the distinct advantage that the owner retains all profits generated by the business. This structure allows individuals to reap the full financial benefits of their hard work and entrepreneurial efforts without having to share with partners or shareholders, which is a key motivating factor for many entrepreneurs.

In a sole proprietorship, since the business is not legally separate from its owner, the profits directly augment the owner's personal income. This denotes a straightforward financial relationship where the owner can immediately reinvest earnings into the business or use them for personal expenses.

The benefits of a sole proprietorship exemplify its appeal for individuals seeking to operate a business independently, maximizing their potential financial rewards. This clear profit retention is starkly contrasted with other business structures, where profits may need to be distributed or shared.