Your task is to decide how these factors would be either a cost or benefit in each of the three types of organizations.  Their level of expertise starting and managing a business: Sole Proprietor Partnership Partnership

Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.