What are the advantages for a Pvt Ltd Co. over a partnership firm ....
Pls answer me with proper reasons ...
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Partnership Vs Pvt Ltd Co.
Replies (2)
Major diff between company and partnership firm.
In the company your liability is limited but in the partnership firm your liability is unlimited
and thats bcoz the Co. has an existence which is separate from its members...i.e the separate legal entity concept.
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