Can You Describe The Most Important Features Of The Three Main Types Of Profit-making Business Enterprise?


2 Answers

SidrA Tasneem Profile
SidrA Tasneem answered
The most important benefit of sole trader enterprise is you have to pay limited liability and in this position entrepreneur can get all profits and loss of business. In case of partnership, profit and loss both are shared by partners and their liability is also shared among all. While in limited companies stock holders are real owners of limited company.
Aisha Profile
Aisha answered
Sole trade is carried out by a single owner. He gets all the profits and at the same time liable to pay all the losses.
Partnerships are carried normally by two owners who share the capital as well as the losses.
Limited liability companies have tax advantages and they are also efficient in asset management.

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