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with formula and steps . Question 1: 4 points Chapter 1 CL01 Your friend Ahmed Al Fardan is a follower of the Blockchain concept, the

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. Question 1: 4 points Chapter 1 CL01 Your friend Ahmed Al Fardan is a follower of the "Blockchain" concept, the world's leading software platform for digital assets. Ahmed would like to launch a business aimed at using new technology to build a radically better financial system. He is aware that there are three main ways to organize a business: sole proprietorship, partnership and corporation. Recently, Ahmed's friends have been telling him to go for either a general partnership or a corporation. Since Ahmed does not have much knowledge about these two forms of business organization, he has asked you to advise him of the four differences between a General Partnership and a Corporation. To help your friend, please write your notes in the table below. One example has been done for you. Please note that you may NOT reuse/repeat this example in your answer. . . . Point of difference General Partnership Corporation Example: Taxation Personal income tax rate Corporate income tax rate 1. 2. 3. 4

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