Question

Private company organization is a compromise between partnership and public company. Explain

Answer 1

Explanation:

Private company enjoys some advantages of both partnership&public company.It enjoys the advantage of partnership like secrecy,flexibility,quick decisions&advantages of public company like limited liabilities and legal existence.

Answer 2

Answer:

A private company is compromised between a public company and partnership. Explain. ... It inhibits the feature of limited liability and personal control from partnership form of business. At the same time, it also inhibits the features of perpetual succession, separate legal entity etc from public limited company