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activity 2 directions: cite at least two differences between the different form of business organization 1. sole proprietorship and partnership 2. corporation and cooperative 3. partnership and corporation 4. cooperative and sole proprietorship
The Sole proprietorship has only one owner while the partnership has two or more owners.
Sole proprietorship sometimes it's difficult especially when you are in trouble or problem because you don't have a partner. While the partnership you can help each other.
corporation and cooperative
The difference between corporation and cooperative is that a corporation is a legal entity that stands separate from its owners. A cooperative, however, is an association of individuals voluntarily cooperating for the promotion of mutual, social, cultural, and economic benefits.
A corporation is a legal entity that is separate and distinct from its owners. While the Cooperatives are people-centred enterprises owned, controlled and run by and for their members to realise their common economic, and social.
partnership and corporation
Partnership has two or more owners. corporation is owned by shareholders and can be formed for profit or for non-profit.
Partnership partnership you can help each other in any times. While corporation is a legal entity that is separate and distinct from its owners.
cooperative and sole proprietorship
cooperative is an association of individuals voluntarily cooperating for the promotion of mutual, social, cultural, and economic benefits. While the The Sole proprietorship has only one owner.
Cooperatives are people-centred enterprises owned, controlled and run by and for their members to realise their common economic, and social. Sole proprietorship sometimes it's difficult especially when you are in trouble or problem because you don't have a partner.
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