A sole-proprietorship is a business owned and run by a single person and is governed by the Business Registration Act (Cap. 32). A person may be either a corporation, firm, foreign firm or an individual as provided under Business Registration Act, S2(1)..
A partnership is a business firm formed by two to twenty partners and is governed by the Partnership Act (Cap. 391).
Once there are more than twenty persons, the partnership must be registered as a Company and is governed by the Companies Act (Cap. 50).