WHAT IS A PARTNERSHIP? https://www.corpzo.com/partnership-firm-registration Partnership form of business is an easy and simple way to get into the business and it is an easy way for a good start-up. As compare to Sole Proprietorship, a partnership is a better form of business. As per section 4 of the partnership act 1932, the partnership is the relationship between persons who have shared the profits of a business carried on by all or any of them acting for all. The one who has entered into a partnership with another are called individually, "partners" and collectively "a firm", and the name under which their business is carried on is called the "firm-name"

Sole Proprietorship Registration (https://www.corpzo.com/sole-proprietorship) - A sole proprietorship is one of the oldest forms of business, also known as an individual entrepreneur or proprietorship or sole trader is a business entity that is unregistered and is owned, managed and controlled by a single person is called as its sole proprietorship. This is one of the most common forms of business in India used by micro and small business operators. This form of business is very easy to start and close and have minimal regulatory compliances. A Sole Proprietorship does not offer benefits such as corporate status, separate legal identity, perpetual existence, independent existence, as it is owned and managed by a single person. Therefore proprietorship is suited only for unorganised or small business.

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