Muthu and Meng are close friends, who have just graduated from a local university in Engineering....

 

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Muthu and Meng are close friends, who have just graduated from a local university in Engineering. They are not keen to work as Engineers but contemplating of venturing into business, but unsure whether to operate it as a Sole Proprietor, Partnership or Company. They have approached you to explain the differences, as they are aware you are a business student. Advise them accordingly. Muthu and Meng are close friends, who have just graduated from a local university in Engineering. They are not keen to work as Engineers but contemplating of venturing into business, but unsure whether to operate it as a Sole Proprietor, Partnership or Company. They have approached you to explain the differences, as they are aware you are a business student. Advise them accordingly.

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Sole proprietorship It is an enterprise owned by an individualit doesnt create a separate legal enti... View the full answer