Question

Discuss the features of any two type of companies.

Answer 1

I can explain,the meaning of company with a simple example.suppose two persons want to do business at a large but they have limited money.they r also not interested to make partnership due to its unlimited liability.they go to the office of registrer of companies and fill the form of creation of company and attaching required documents.they also pay the required fees.after this, registrar will register Thier company.this registered company will be independently indentity.

from above example and definition, we can understand that company is voluntary and untonomous association of persons.this is made for achieving business objectives. it acts like human beings.company can purchase assets or sells it.it can also take debt. it can open bank accountit is fully free from its members. company is operated through board of directors​

features
1.separate legal entity
2.separate property
3.limited liability
4.perpetual seccession
5.common seal
6.right to sue