Question

Difference between sole trading and partnership and joint stock company

Answer 1

A sole trader does not necessarily work 'alone'—it is possible for the sole trader to employ other people. A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, as evidenced by their shares.

Answer 2

A sole trader does not necessarily work 'alone'—it is possible for the sole trader to employ other people. A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, as evidenced by their shares.