What are the Advantages of a Partnership Compared to a Private Limited Company?
Partnership registration is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. It is owned, managed and controlled by an Association of People for profit. Partnership firms are relatively easy to start are is prevalent among small and medium-sized businesses in the unorganized sectors.
Private Limited Company is a type of company that offers Limited Liability or legal Protection to its shareholder. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.
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