compare and contras partnership and corporation
Corporations have limited liability.
Corporations have limited liability.
One form of business ownership is sole proprietorship. This is an individual owner or a married couple. Some of the other types are limited partnerships, corporations, general partnerships, and limited liability partnerships.
limited liability partnership
Partnerships have unlimited liability, while corporations have limited liability.
Corporations are protected from liability. Partnerships aren't. If a partnerships is sued, the partners are responsible. It is better to incorporate if you are dealing with the public.
Corporations can last longer. Corporations have limited liability.
S corporations' major benefit is that they are taxed like partnerships.
Corporations have limited liability.
Corporations have limited liability.
S corporations' major benefit is that they are taxed like partnerships.
Compare and contrast it with what?
They could grow faster than partnerships.
partnerships, corporations, and sole proprietorships
Partnerships have unlimited liability, while corporations have limited liability.
1. Compare 2. Contrast
compare is when you compare two things that are the same and contrast is when you compare two things that are different.