The one feature that is shared and enjoyed by both the businesses sole proprietorships, as well as, partnerships would be:
d). Tax benefits
- 'Sole proprietorship' is a form of business that is completely owned, as well as, managed by a single individual. While 'Partnership business' include a minimum of two or more partners involved in a business.
- However, the tax benefits are enjoyed by both of them as the sole proprietors save their taxes as the profits are characterized as the element of his/her individual income.
- Similarly, in partnership, the profit of the firm is displayed as the partners' individual profits and therefore, they also pay the taxes on their individual income and not on the firm.
Thus, option d is the correct answer.
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