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Q: What does a partnership gain if it becomes a private limited company?

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which one of the following is an unincorporated organisation?

a) General partnership

b) Limited liability partnership

c ) Public limited company

d) Private limited company

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If the partnership go into debt, you can lose personal assets aswell as the businesses assets. A private company's assets can only be ceased if the company go into debt.

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4 types

-general partnership

-limited partnership

-master limited partnership

-limited liability partnership

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The ones I'm aware of (In the US) are General Partnership, Limited Partnership (LP), Limited Liability Partnership (LLP), and Limited Liability Limited Partnership (LLLP)

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