What are the advantages for a Pvt Ltd Co. over a partnership firm ....
Pls answer me with proper reasons ...
Menu
Partnership Vs Pvt Ltd Co.
Replies (2)
Major diff between company and partnership firm.
In the company your liability is limited but in the partnership firm your liability is unlimited
and thats bcoz the Co. has an existence which is separate from its members...i.e the separate legal entity concept.
Recent Threads
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
Related Threads
CAclubindia
