which best describes the difference between sole proprietorships and partnerships?\nsole proprietors keep…

which best describes the difference between sole proprietorships and partnerships?\nsole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities.\nsole proprietors share responsibilities, while partners are responsible for only a portion of the business.\nsole proprietors split profits and share liabilities, while partners keep all profits and have unlimited liability.\nsole proprietors pay taxes only on business profits, while partners do not have to pay taxes on profits.

which best describes the difference between sole proprietorships and partnerships?\nsole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities.\nsole proprietors share responsibilities, while partners are responsible for only a portion of the business.\nsole proprietors split profits and share liabilities, while partners keep all profits and have unlimited liability.\nsole proprietors pay taxes only on business profits, while partners do not have to pay taxes on profits.

Answer

Brief Explanations:

In a sole - proprietorship, the owner keeps all profits and has unlimited liability for business debts. In a partnership, partners split profits and share liabilities for the business.

Answer:

A. Sole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities.