Soletrader
Partnership Firms
Definition According to the Partnership Act 1890, “Partnership is a voluntary association of people (from two to twenty) which is formed to carry on business with the view to make profit”. Partne…
Topic 12: Types of Business Organizations
Public Limited Companies
Features of Public Limited Companies v Must use the word “Public Limited Company” or “PLC” after its name v Can invite the general public to buy its shares and debentures v Can transfe…
Private Limited
Difference Between Partnership Firms and Limited Companies
Partnership 1. Ordinary partners have unlimited liability 2. Limited to 20 partners 3. It is regulated by Partnership Act 1890 4. It is not a…
Partnership Firm
Features of Partnership Firms
A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests. The partners in a partnership may be individuals, businesses, interest-base…
Topic 12: Types of Business Organizations
Topic 12: Types of Business Organizations
Soletrader
Partnership Firms
Definition According to the Partnership Act 1890, “Partnership is a voluntary association of people (from two to twenty) which is formed to carry on business with the view to make profit”. Partne…
Topic 12: Types of Business Organizations
Public Limited Companies
Features v Must use the word “Public Limited Company” or “PLC” after its name v Can invite the general public to buy its shares and debentures v Can transfer its shares freely v Mus…
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