Can a corporation own a partnership or a sole proprietorship?
Only the "partners" are owners of a partnership, by definition. Whether a corporation could agree to be a partner depends upon the corporate articles and state law. A "limited partnership" (LP) may be consolidated or merged into a corporation, but that isn't the same as "ownership" of a separate entity.A "sole proprietorship" is, again by definition, owned by an individual. If it were purchased by a corporation it would become (like a merged LP) a corporate asset, such as a division or subsidiary.
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