Sole Proprietorship vs. General Partnership
Asked by: Sharon Jimenez - 5 July, 2013
Whats the difference between general partnership and sole proprietorship?
Whats the difference between general partnership and sole proprietorship?
Answered by: Robert Kowalski - 5 July, 2013
Sharon,
Both entities do not require any registration with the state (except maybe a DBA), however sole proprietorship is always a one-owner business, and general partnership is always two-or-more-owners kind of business.
Sharon,Both entities do not require any registration with the state (except maybe a DBA), however sole proprietorship is always a one-owner business, and general partnership is always two-or-more-owners kind of business.
