Answer to Question #82642 in Accounting for Fatimah okunade

Question #82642
Differentiate between Sole Proprietorship, Partnership and Incorporated Organisation using three sentences.
1
Expert's answer
2018-11-05T15:39:08-0500

Sole proprietorship is business owned by one individual, Partnership is business owned by 2- 100 people with a sharing ratio on profits or losses while Incorporated organization is nonprofit making organization and can either be sole proprietorship or partnership.

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