Private limited company vs partnership
Ashok Kumar (junior) (24 Points)
19 August 2016Ashok Kumar (junior) (24 Points)
19 August 2016
Kaushik Sekar
(Article Assistant)
(66 Points)
Replied 19 August 2016
As everyone knows, the liability of the owners (shareholders) of a company is limited to the extent of their capital contribution. However, the liability of owners (partners) of a firm is unlimited.
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