Question

distinction between partnership and jjoint stock co.​

Answer 1

Answer:

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Explanation:

In a Partnership firm, maximum number of members is 20 in general business and 10 in banking firms. In a Joint Stock Company, maximum number of members is 50 in a private company and there is no maximum limit in public company hope this is helpful

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Answer 2

Explanation:

1.

Partnership is an association of individuals competent to enter into contracts, who agree to carry on the business in common with a view to earn and share profits.

1. Join Stock Company is an artificial person recognized by the law, with a distinctive name, a common seal, a common capital and carrying limited liabilities.

2.

In partnership, registration is not compulsory.

In Join Stock company, registration is compulsory.

3.

In partnership, there is unlimited liability.

In Joint stock company, there is limited liability.

4.

In partnership, number of partner cannot exceed 10.

In Joint stock company, No limit.

Hope it helps!