Computer Science, asked by aishwaryajha2020, 7 months ago

explain the difference between sole proprietorship and partnership ?

Answers

Answered by shraddhasingh3031
6

Explanation:

A sole proprietorship is an unincorporated entity that does not exist apart from its sole owner. A partnership is two or more people agreeing to operate a business for profit. The Partnership firm is governed by the Partnership Act and a Sole Proprietorship is not governed by any specific statutory body.

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Answered by chakladershreyasi
4

Answer:

sole proprietorship is an unincorporated entity that does not exist apart from its sole owner. A partnership is two or more people agreeing to operate a business for profit. The Partnership firm is governed by the Partnership Act and a Sole Proprietorship is not governed by any specific statutory body.

Explanation:

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