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Is a Pty Ltd a sole proprietor?

By IndianMoney , 11 months ago

No, they are different in the following ways: 1. In sole proprietorship, the owner and business are considered as a single entity, whereas in a PTYa limited, the company is a different entity. 2. The proprietor is responsible to all the debts. 3. Sole proprietorship requires no registration, a pty Ltd must be registered.

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