Question

What is better, a partnership or a company?

Answer 1

As a different legitimate entity, an organization exists freely among its directors and investors. This implies organizations can undoubtedly endure the passing/ death or takeoff/ departure of such people. Besides, a privately owned business can have up to 50 investors, dissimilar to organizations that have a restriction of 20 partners. Hence, having a company is better than holding a partnership.

Also check:

• MCQs on Partnership
• What Is Partnership?
• Difference Between LLP and Partnership