Answer:
difference between partner ship firm and join stock company
partnership:
1.partnership is an association of individuals competent to enter into contracts, who agree to carry on the business in common with a view to earn and share profits.
2.registration is not compulsory
3.there is unlimited liability.
4.all partners are mutual agents
5.number of partner cannot exceed 10.
joint stock company:
1.this company is an artificial person recognised by the law, with a distinctive name, a commom seal, a common capital and carrying limited liabilities.
2.registration is compulsory.
3.there is limited liability.
4.a member is not an agent of another member.
5.in case of pvt the members is 50 & in case of public it is unlimited.
partnership:
1.partnership is an association of individuals competent to enter into contracts, who agree to carry on the business in common with a view to earn and share profits.
2.registration is not compulsory
3.there is unlimited liability.
4.all partners are mutual agents
5.number of partner cannot exceed 10.
joint stock company:
1.this company is an artificial person recognised by the law, with a distinctive name, a commom seal, a common capital and carrying limited liabilities.
2.registration is compulsory.
3.there is limited liability.
4.a member is not an agent of another member.
5.in case of pvt the members is 50 & in case of public it is unlimited.
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