Question

When troy smith started the first top hat restaurant by himself, he was considered a ___________; when charlie pappy joined him later, the business became a _____________?

Answer 1

The answer is sole proprietor; partnership
Sole proprietor is the type of business that only has one shareholder, and all the profit will go directly to him.
Partnership on the other hands, have more than one shareholder, and the profit will be divided according to the percentage owned by each shareholders.