Ethical conduct code ethics of sole proprietorship, partnership ,corporation
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The ethical code of conduct for sole proprietorship, partnership, and corporation are:
- A code of ethics can be explained as an document which encourages the business honesty, ethical conduct, best practices, and integrity.
- A sole proprietorship can be explained as an unincorporated business, which is owned by an individual or a family. It is very easy to form a sole proprietorship and also inexpensive. A sole proprietorship corporation file taxes just like an individual.
- A partnership firm can be explained as an organisation which is formed with 2 people or more than 2 people, with the motive to run business to earn profit. There must be a minimum 2 and maximum 20 people in a partnership firm.
- A corporation form of business can be explained as an organisation which is usually formed by a company or a group of People. Corporate credos, compliance codes, and management philosophy statements are the crucial corporation code of conducts.
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