What is the diffrentce between a sole proprietorship corporation and partnership?

A sole proprietorship is a business owned and operated by a single individual, who is personally liable for all debts and obligations. A corporation is a separate legal entity that provides limited liability protection to its owners (shareholders), meaning they are not personally responsible for the corporation's debts. A partnership, on the other hand, involves two or more individuals who share ownership and management responsibilities, along with the profits and liabilities of the business. While sole proprietorships and partnerships are simpler structures, corporations offer more legal protection and can raise capital more easily.