Highlight three differences between a partnership and a public limited company

      

Highlight three differences between a partnership and a public limited company.

  

Answers


joseph
Partnership------Public limited company
a.Owners are partners----Owners are shareholders
b.Membership ranges from 2---Membership ranges from 7 to infinite to 20 or 50 for professionals
c.At least one partner must have unlimited liability--- All shareholders have limited liability.
d.Formation is simple-----Formation requires many legal formalities.
e.Relatively low initial capital required----High capital initial required.
f.Management is in the hands of partners---Management is by employees/directors.

joseph rimiru answered the question on December 19, 2017 at 05:25


Next: Truncate 44.78
Previous:  List any five results of government failure to protect consumers against exploitation by traders.

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions