Skysaint
Verified member
Sole proprietorship is actually a kind of business enterprise which is handled and controlled by a single individual. He takes the major decisions of the business, the actually do enjoy the profits from the business alone and obviously, bears the losses alone. He alone drafts out the strategy to be implemented while running the business. That's why most people do refer to it as "one man business"
On the other hand is the partnership business where the major decisions make in favour of the business is done by a group of individuals and often times they gain revenue by gaining more partners through shares. They share and bear the profits and losses collectively.
So in these recent times, which actually among these two seem more profitable and lucrative to run?
On the other hand is the partnership business where the major decisions make in favour of the business is done by a group of individuals and often times they gain revenue by gaining more partners through shares. They share and bear the profits and losses collectively.
So in these recent times, which actually among these two seem more profitable and lucrative to run?