Post your response to the following: In 200 to 300 words, explain the differences between a proprietorship, a partnership, and a corporation. Why would an entrepreneur want to choose one over the other? If you were starting a new business, which would you choose? Why?© BrainMass Inc. brainmass.com March 4, 2021, 8:52 pm ad1c9bdddf
301 Words, APA References
Proprietorships, Partnerships, & Corporations
Difference between Proprietorship, Partnership & Corporations
In proprietorship, the business has a sole owner who may be an individual or a corporation. The individual or the corporation is liable for all the debts incurred in the business. If the owner of the business is an individual and he conducts business under a name other than his or her personal name, the name of the business must be registered under the Business Names Registration Act (What is the difference between a sole proprietorship, a partnership and a ...
The response addresses the proprietorships, partnerships and corporations queries posted in 301 Words, APA References