Difference between Sole trader and Partnerhip
|
Sole trader |
Partnership |
|
1 owner |
2-20 people are owners |
|
Decision made by 1 person |
Decisions are made by partners |
|
Limited capital |
Extra capital |
|
Sole trader enjoys all profits |
Partners have to share the profit |
|
Sole trader has to suffer all losses |
Partners have to share the losses |
