Company v/s partnership firm

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2015 when tax rate is same for partnership firm and company then what is the reason behind creating a private limited company?
Please summarise all the benefits.

02 January 2015 scale of operation normally plays an important role.
Limit on number of partners and limit on number of members in a company also merrits consideration.
Limited Liability is next important aspect

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 January 2015 please describe further how scale of operation is important?

03 January 2015 if u r planning to be big in an unlimited manner....Company form of organisation is preferred to Partnership

Partnership normally aim at moderate/medium scale of operations....partners are either family members, friends etc.


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