explain the difference between sole proprietorship and partnership ?
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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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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.
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