This article describes the differences between Sole Ownership and Co-Ownership.
- Meaning: Sole ownership means single ownership at a time.
All individual ownership is the examples of sole ownership. When right of ownership is vested exclusively in one person, it is called sole ownership.
- By combining two or more sole ownerships, a co-ownership may be formed.
Co-Ownership (Duplicate Ownership
- Meaning: co-ownership means the property owned by two or more persons at a time.
- All partnership firms / business are the examples of co-ownership.
- Co-ownership may be dissolved and may form two or more sole ownerships by a process of partition.