What are the main differences between a partnership and a sole proprietorship?
What will be an ideal response?
Answer: While a sole proprietor has the same identity as its single owner, a partnership of general partners has the same identity as its partners. Each general partner is responsible for the decisions taken by that partner as well as any other general partner.
Business
You might also like to view...
On the sale of their property. the seller continues to make payments on their first loan and creates a new second mortgage with the buyer. The new second mortgage would be:
A. An open end loan. B. A blanket loan. B. A blanket loan. C. A wraparound loan. D. A reverse mortgage.
Business
Advertising media costs and availability differ vastly from country to country
Indicate whether the statement is true or false
Business