Which best describes the difference between sole proprietorships and partnerships? sole proprietors keep all profits and have unlimited liability, while partners split profits and share liabilities. sole proprietors share responsibilities, while partners are responsible for only a portion of the business. sole proprietors split profits and share liabilities, while partners keep all profits and have unlimited liability. sole proprietors pay taxes only on business profits, while partners do not have to pay taxes on profits.

The answer is A, Sole proprietors keep all profits and have unlimited liablity, while partners split profits and share liabilities.

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.