asked 224k views
3 votes
What is the difference between sole proprietor and partnership?

asked
User Ryonlife
by
8.3k points

1 Answer

2 votes

Answer:

A sole proprietorship is a person who owns the business and is personally responsible for its debts. It is not a legal entity.

A partnership partnership shares the responsibilities, resources, and losses

Step-by-step explanation:

answered
User MildWolfie
by
8.4k points
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