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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
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