Give Me 10 Differences Between Sole Trader And Partnership Type Of Business?

Anonymous answered

1. Sole trader - on their own, whilst partnerships are more than one person
2. Sole trader -responsible for any debts whilst partnerships are spread out over more than one person
3. Sole trader - have unlimited liability whilst partnerships have limited liability

sorry, thats all I know, hope it helps :)

EGOBI FRANKLIN answered

Give me ten differences between sole trader and partnership

Anonymous answered

A sole trader is a one man company a partnership is a two man company

Anonymous answered

Difference between sole trader and partnership

Anonymous answered

Sole Prosperator is owner.
Sole Prosp doesnt offer limited liability
Sole Prosp share are not freely transferable
Sole Prosp One Board of director
Sole Prosp no annual meeting required
Partnership is 2-20 Partners
Partner doesnt have legal entity
Partner share profit according to their contribution

Give Me 10 Differences Between Sole Trader And Partnership Type Of Business?

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