Private limited company vs partnership
Ashok Kumar (junior) (24 Points)
19 August 2016
what is the major practical benefits for private limited companies while compare with partnership.
1 Replies
Kaushik Sekar
(Article Assistant)
(66 Points)
Replied 19 August 2016
As everyone knows, the liability of the owners (shareholders) of a company is limited to the extent of their capital contribution. However, the liability of owners (partners) of a firm is unlimited.
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