The difference between a partnership and sole proprietorship form of business may be follows. This helps the entrepreneur in selecting form of business of his choice.
Sole proprietorship business has its own merits and simultaneously suffers from certain imitations as discussed above. In spite of its limitations it is suitable in the following cases:
An entrepreneur may single handedly owned, controlled and managed the business or a group of persons may take up the same task. When it is owned and managed by a single person it is called sole proprietorship form of business.