What difference between firm & company ?

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Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2014 Dear All,
1. What is the difference between firm &
Company ?

2. What is the difference between partnership firm & proprietor ship firm?

Deepti Asawa

Deepti Asawa (Expert)
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27 June 2014 Ans.1.
https://articles.mentoassociates.com/2009/07/differences-between-a-company-and-a-partnership-firm.html

Ans. 2.
Partnership between two or more person but proprietorship is single person. All decision in partnership are taken by partners either jointly or severally but in case of proprietorship it is the individual only. Bank account can be signed by any partner but in prop; only the proprietor and so many other formalities.

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