Best answer for sole trader and partnership
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A sole proprietorship has one owner, while a partnership has two or more owners. Sole proprietorships and partnerships are common business entities that are simple for owners to form and maintain. The main difference between the two is the number of owners.
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A sole trader is an individual who owns a business entirely by himself. ... A partnership is a business entity comprised of two or more individuals. Sometimes partnerships are limited, meaning that one of the individuals is only investing in the business while the other individual is actually running the business.
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