different between partnership and join stock company
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Joint stock: the liability of members is limited(upto the value of the shares). Partnership: Members contribute the funds. Joint stock: can borrow from bank and can issue paid up shares to get capital. Partnership: members of registered firms need to pay tax individually.
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Joint stock: the liability of members is limited(upto the value of the shares). It can borrow from bank and can issue paid up shares to get capital.
Partnership: Members contribute the funds. The members of registered firms need to pay tax.
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