Question

Explain the difference between Partnership and company.

Answer 1

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Answer 2

partnership: --------

• maximum number of person is 20 which is amended to 50 by partnership act 2013.
• minimum number of partners is 2 .
• it need deed.
• it is regulated under partnership act 1956/2013.

company:---------

• maximum number of person is infinite.
• minimum number of person is 10.
• it needs commercial papers .
• it is regulated under Indian companies act 2013.