This article will help you to differentiate between partnership and co-ownership. Difference between Partnership and Co-Ownership Partnership 1. Contract: Partnership is the outcome of an agreement. 2. Number of Members: In partnership, the number of members cannot exceed the maximum limit. 3. Object: The object of partnership is to carry on some lawful business and earn profits. 4. Agent: In [...]
This article will help you to learn about the difference between partnership and joint Hindu family business. Difference between Partnership and Joint Hindu Family Business Partnership Business 1. Formation: A partnership business comes into existence by mutual contact between the partners. 2. Admission of a Member: In partnership, a member is taken into the business by an agreement. 3. Members: [...]
This article will help you to learn about the difference between a partnership form and company. Difference between Partnership and Company Partnership 1. Act: A partnership is governed by the Indian partnership Act, 1932. 2. Registration: The registration of partnership is not compulsory but it is expected to be registered so that partners may exercise their rights between themselves and [...]