Your friend Ahmed Al Fardan is a follower of the “Blockchain” concept, the world’s leading software platform for digital assets.

• Ahmed would like to launch a business aimed at using new technology to build a radically better financial system.
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• He is aware that there are three main ways to organize a business: sole proprietorship, partnership and corporation.
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• Recently, Ahmed’s friends have been telling him to go for either a general partnership or a corporation.
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• Since Ahmed does not have much knowledge about these two forms of business organization, he has asked you to advise him of the four differences between a General Partnership and a Corporation.
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• To help your friend, please write your notes in the table below.
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• One example has been done for you. Please note that you may NOT reuse/repeat this example in your answer.

Point of difference	General Partnership	Corporation
Example: Taxation	Personal income tax rate