| Sole Proprietorship
| Joint Stock Company (JSC)
| It is the type of business organization in which one person owns and operates in business
| The relation between persons who have agreed to share the profits of a business carried on by all any one of them acting for all.
| A company is an association of person who contribute money to a common stock and use it for a common purpose
| Legal entity
| It contain separate legal entity apart from its owners
| It contain no separate legal entity apart from its members
| It posses separate legal entity apart from its members
| The registration of it is not required by law
| The registration of it is not compulsory
| The registration of it is compulsory under the company ordinance 1984
| Number of partners
| There is no concept of more than one partner. It is conducted by only one partner.
| There are at least 2 persons in each type of partnership but maximum no of partners is 20
| In case of multi members private company there are at least 2 members and maximum is 50 while is case of listed public company there at least 7 members and no restriction of maximum members
| Sole trader is liable for all the obligations of business so the full value of assets that he posses.
| Liability of each partner is unlimited.
| The liability of each share holder is limited.
| All business affairs manages by one person
| Every partner has right to participate in the management.
| The business of JSC is conducted by the board of directors which are elected by members
| There is no legal provision and other complicated for the formation of it.
| It is formed by under the act 1932.
| It is formed by under the company’s ordinance 1984.
| Change in capital
| Sole trader can increase and decrease the capital volume according to the circumstances.
| In partnership partners can change the volume with mutual consultation.
| JSC can change the capital...
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