Sole Proprietor vs Partnership; Which one to operate/register in Jamaica?
Business Registration in Jamaica Operating a Sole Proprietor vs Partnership By: Kmar Henry CEO of BI Z care Consultation & Accounting Firm Operating a business within Jamaica can be a mammoth task as taxes and recognition may seem like a mountain to climb. However, the backlash of starting a profitable business is still highly possible as resent reports shown by Robots Digital Agency ranks Jamaica as the 5 th most viable place in the world to do business. Thus, this therefore proves that if the right things are done, the possibility of starting a legacy can still be maintained. Which this in mind, much questions have always been asked about the similarities, advantages, disadvantages, pros and cons of operating/registering a Sole Proprietor vs operating a Partnership Business as it relates to taxes and other benefits. Below I will try to distinguish a few. SOLE PROPRIETOR PROS Only one person is deemed li...