Business Studies, asked by vandanasanju6971, 5 months ago

what are the benefits of admitting partner in sole trader business

Answers

Answered by nadimpallitanmayi

0

Answer:

A partnership has several advantages over a sole proprietorship:

It's relatively inexpensive to set up and subject to few government regulations.

Partners pay personal income taxes on their share of profits; the partnership doesn't pay any special taxes.

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