Business Studies, asked by shristigupta325, 7 months ago

state five different between partnership and sole proprietorship.​

Answers

Answered by Anonymous
6

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.

Answered by sudhanshukumar91
0

Answer:

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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