Sole Proprietorship Vs General Partnership: Which is Better?

Welcome to our channel! In today’s video, we’ll explore the differences between sole proprietorships and general partnerships. If you’re considering starting a business, it’s crucial to understand which structure is best for you. We’ll break down the pros and cons of each, discussing aspects like liability, management, taxes, and more. Additionally, our guest Ms. Nakate will offer valuable advice on balancing work, life, and family. Whether you're a solo entrepreneur or thinking of partnering up, this video will help you make an informed decision. Tune in to find out which business structure suits your needs best!

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In This Video:
0:00: Introduction
00:27: Why choose partnerships over sole proprietorships?
02:40: Importance of partnerships in Business
06:00: How do you share profits and burdens in partnerships?
06:25: How do you balance between business, life, and family?
07:12: How do you prevent getting exhausted while doing what you have to do?
09:15: How do you take care of yourself while achieving your goals?
11:16: How to start a business while working on a full time job
13:12: How to up-skill while having a full time job
14:00: Conclusion

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