Something important

DIFFERENCE:(member,liability,formation,transfer interest,tax,legal entity)
sole trader:one person ,un,no,yes,income,not separate
partnership:between 2 and 20,un,partnership deed,no,income,not separate
limited company:is a legal entity,lim,memorandum articles,yes(if others agree),cooperation,separate

AD and DA:

sole trader:
AD:simple to set up a.No complicated paper work,has complete control of the business
DA:Noing to prevent a sole trader taking on employes and many do
It`s liable for all debts the business incurs
In worst case,sole trader may face bankruptcy

partnership:
AD:offering for professional service
can bring more capital and awider range of skill
work and idea to the business
DA:partners may fall out

limited company:
AD:share of any profit
it offers shareholders limited liability
the liability of each shareholder is limited to the amount of capital,they have invested in the business