A sole proprietorship is a one person business without any O

Last updated: 9/7/2023

A sole proprietorship is a one person business without any O assets while a partnership involves two or more individuals sharing all assets A sole proprietorship shares liability with employees in the business while a partnership is exempt from liability A sole proprietorship is business where one person assumes all risks and rewards while a partnership shares both risks and rewards among two or more individuals A sole proprietorship must have a legally binding contract in