Map of zurich for A partnership does not carry a legal personality from its owners, unlike a corporation. Profits of the business are supposed to pass through from the business to the partners, and each of them will report their profits from the partnership as a personal income, which will be taxed at that time. Therefore it is considered as a pass-through entity where the partnership itself does not pay any tax on profits. Each of these organizational forms has advantages and disadvantages. Sole proprietorship is simple and with almost no government intervention. It only involves very small amount of licensing fees. The owner also has all the control, both on how to run the business and how to utilize the profits. Map of zurich 2016.