Business Studies, asked by Aliakhan388, 3 months ago

what are the merits of partnership and sole proprietrorship? similar merits​

Answers

Answered by jitendarm782
3

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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