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Firm & company

This query is : Resolved 

02 January 2013 what is different between firm & company

Thx & Regards

02 January 2013 Hi

Company is Incorporated under companies Act & has to abide by Companies Act.

A firm may be incorporated or not. Its governed by partnership Act.

Thanks!!

02 January 2013 hey

you can also refer this link for details:
http://www.letslearnfinance.com/difference-between-company-and-partnership.html

Thanks!!




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