Business Studies, asked by yodhbirsinghsubha, 1 month ago

explain any 8 difference between sole Proprietorship and partnership

Answers

Answered by kookie2787

1

Answer:

The owner of sole proprietorship business is known as the proprietor, while the partners are the members and legal owners of the partnership firm. ... In Sole Proprietorship the liability is borne by the proprietor only. In contrast to, Partnership where the liability is shared between partners.

Answered by llchummill

1

Explanation:

The owner of sole proprietorship business is known as the proprietor, while the partners are the members and legal owners of the partnership firm. ... In Sole Proprietorship the liability is borne by the proprietor only. In contrast to, Partnership where the liability is shared between partners.

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