business

Set out the differences between sole traders, partnerships and limited companies.What are the benefits of each type of ownership?what are the drawbacks?
1. traders who do business.they need their own funds or loan .they can make money easily when they have business mark.when beginning business,they meet a lot of problems because they don't have any experiences.they also are bankrupted easily because they have a small fund.it is difficult to become a trader.if you love business,it isn't a problem.
2.partnership who have shares in 1 company.they receive profit when the company has income or loss money when it suffers loss.they also send their opinion to company to make company' business better.
3.limited companies ???i didn't hear this word before so i don' have any view.