you are planning to start a new business venture with your friend and contemplating which from of business to choose. you have narrowed down to two forms-sole proprietorship and partnership firm which of these two forms would you choose to start your business and why?
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Answer:
partnership
Explanation:
because sole proprietorship is done by a single person but here he wants to start a business with his friend which is only possible through the partnership in which two or more than two peoples are involved to do a business and also devide the profit between all of them in agreed ratio.
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