Sole Proprietorship vs Partnership Firm In Telugu - Types of Businesses | Ambika

Download the ffreedom app from the Play Store or App Store to learn more about this video - ffreedom.com/youtube
Sole Proprietorship vs Partnership Firm In Telugu - Types of Businesses | Ambika
A sole proprietorship and a partnership firm are both types of business structures that involve more than one person owning and operating a business. However, there are some key differences between the two:
Ownership: In a sole proprietorship, the business is owned and operated by a single person. In a partnership firm, the business is owned and operated by two or more individuals who are referred to as partners.
Liability: In a sole proprietorship, the owner is personally liable for all debts and legal obligations of the business. In a partnership firm, each partner is personally liable for the debts and legal obligations of the business.
Management: In a sole proprietorship, the owner has complete control over the management and decision-making processes of the business. In a partnership firm, decisions are typically made through a consensus among the partners.
Profit sharing: In a sole proprietorship, the owner receives all of the profits generated by the business. In a partnership firm, profits are typically shared among the partners according to the terms of the partnership agreement.
Taxation: A sole proprietorship is not a separate tax entity from the owner, and the owner is responsible for paying taxes on the profits of the business. A partnership firm is also not a separate tax entity, but the profits and losses of the business are passed through to the individual partners and taxed at the individual level.
There are pros and cons to both types of business structures, and the best option will depend on the specific needs and goals of the business and its owners.
#soleproprietorship #partnershipfirm #typesofbusiness #ffreedombusinesstelugu

[@djgamerz01]

Nice madam super explaination 😊😊

[@srinivasgupta5406]

very beautifully presented. How do i reach you as i would want to help you launch our business proposals in youtube.

[@mallikarjunadavuluri5794]

Nice

[@kalyankumarvkalyankumarv6248]

Super b mam

[@ffreedombusinesstelugu]

Thank you

[@Fan_Girl7]

Well explanation sis😊

[@ffreedombusinesstelugu]

Thank you