question archive • Your friend Ahmed Al Fardan is a follower of the "Blockchain concept, the world's leading software platform for digital assets
• Your friend Ahmed Al Fardan is a follower of the "Blockchain concept, the world's leading software platform for digital assets
Subject:FinancePrice:2.86 Bought3
• 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. • He is aware that there are three main ways to organize a business sole proprietorship, partnership and corporation. • Recently, Ahmed's friends have been telling him to go for either a general partnership or a corporation • 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, • To help your friend, please write your notes in the table below. • One example has been done for you. Please note that you may NOT reuse/repeat this example in your answer. Corporation Point of difference Example: Toxotion General Partnership Personal income tax rate Corporate income tax rate 1. 2
