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Difference between Partnership Firm and Company (9 Answers)

Everything you need to know about the key differences between a partnership firm and a company. A company is a volun­tary association of persons, recognised by law, having a distinctive name, a common seal, formed to carry on business for profit, with capital divisible into transferable shares, limited liability, a corporate body and perpetual succession. […]

Partnership Firm

Everything you need to know about the partnership form of business. The need for partnership form or organization arose from the limitations of sole proprietor­ship and joint hindu family firm. With the expansion of business, it became necessary for a group of person to join hands together and supply necessary capital and skill. A person […]

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