COMPARISON BETWEEN GLOBAL ENTERPRISE,
SOLE TRADER AND PARTNERSHIP
Answers
Answer:
A sole trader: is an individual who owns a business entirely by himself. The business and this person is one, meaning that both the company's profit and liability belong to the individual. The benefit of owning a sole trading company is that the sole trader has the right to make all decisions regarding the business.
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. This business entity should always record their terms of partnership in a contract.
global enterprise: a business concern, especially one involving a partnership of two or more people; corporation - a large company or group of companies authorized to act as a single entity and recognized as such in law.
Explanation:
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Answer:
Explanation:
The business and this person is one, meaning that both the company's profit and liability belong to the individual. The benefit of owning a sole trading company is that the sole trader has the right to make all decisions regarding the business. A partnership is a business entity comprised of two or more individuals.