write the difference between partnership and sole trader
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Explanation:
Ownership. A sole trader is an individual who owns a business entirely by himself. The business and this person is one, meaning that both the company's profit and liability belong to the individual. ... A partnership is a business entity comprised of two or more individuals.
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Answer:
A sole trader is an individual who owns a business entirely by himself. The business and this person is one, meaning that both the company's profit and liability belong to the individual. ... A partnership is a business entity comprised of two or more individuals.
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