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It is when a firm has the whole thing!!

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16y ago

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The recommendation from partnership to sole traders?

The recommendation from partnership to sole traders


What is a principal partner in a partnership?

he is the sole propritor of a partnership


Difference between sole proprietorship and partnership?

A sole proprietor is a person who is in business for themselves. A partnership is two or more people who are in business for themselves.


Can you turn your partnership into a sole proprietorship?

Partnerships can not be converted to Sole proprietorship.


Why sole porprietorship is more popular then partnership in Pakistan?

Sole proprietorship is popular than partnership because of the little capital outlay.


What is the least common a corporation sole proprietorship partnership or limited corporation?

partnership


What advantages does a partnership have over a sole partnership?

The responsibility is shared.Burden of dept can be shared.


What are different forms of business organisation?

sole proprietorship, partnership and joint stock companies sole proprietorship, partnership and joint stock companies


What is the main difference between a sole proprietorship and a partnership?

The main difference between a sole proprietorship and a partnership is that a sole proprietorship is owned and operated by one person, while a partnership is owned and operated by two or more people who share profits and responsibilities.


Is a disadvantage of partnership compared to sole proprietorship?

You share decision making and profits in a partnership.


What functions much like a sole proprietorship but responsibilities are shared between two or more people.?

A partnership functions much like a sole proprietorship.


Managerial problems of sole proprietorship?

benefits of a Partnership