Question

Study the profile a sole proprietorship or partnership business firm. Write a brief report stating the nature and working of the firm.

Answer 1

proprietor ship involves one owner and has unlimited liability ..it doesn't take much time in establishment and should be legal .
and in partnership there is limited liability and can be as per partnership deed ..it involves more than 2 persons in case of banking then 20 partners are required ....

Answer 2

Even i need the same thing