Question

10 difference between a sole proprietorship and joint stock company

Answer 1

Answer:

1.sole has unlimited liability but joint has limited liability

2.in sole owner is responsible for all decision but in joint decisions are taken by board of director.

3.the business form is quiet unstable in nature but in joint companies are established for long run purpose

4.sole has limited capital but joint has huge capital.

5.sole dont need to shared their profit or loss but joint should be shared their profit or loss

6.in sole their is no chance of fraud but joint hass huge

chance of fraud.

7.sole has easy to maintain secrecy but joint cannot be maintained this

8.sole is easy to establish but joint is difficult to establish....

9.in sole the person who involved is called sole trader but the person who involved in joint is called shareholders

10.sole has not transferrable shares but joint has transferable shares....

Explanation:

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