Business Studies, asked by kumarimanisha70, 9 months ago

Q 1. "company is a citizen." critically evaluate the statement?

Q2. difference between a partnership and a company. explain the advantages of company?

Answers

Answered by ishitaayala

Answer: 1) a company is separate legal entity having a common seal an perpetual succession. It can enter into contracts and can sue or be sued.

2) a partnership ha unlimited liability whereas the company has limited liability

a partnership need not be registered whereas a company has to be registered

the advantages of a company are:

1) limited liability

2) greater financial resources

3) greater scope of expansion

Explanation:

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