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They both look at the different responsibilities, risks and rewards that you can receive from setting up your business in different ways.
A public company has shares and many different owners, it is easy to transfer ownership from one person to another by simply selling shares as well it is easier to raise capital though either debt issues or equity issues (issuing more shares). If anything happens to the company you are only liable for the amount of equity that you have in the company (ex if the company is sued you are only liable for the size of your equity stake in the company and no more). However public companies are expensive to set up and there is the requirement that public companies provide their financial records on an annual basis to the public.
Partnerships are more limited in nature, they only survive as long as all the partners keep them alive, they are difficult to transfer ownership, it is more difficult to raise capital (as this is done on the merit of the partners involved), if a partnership is sued you can lose more then your equity stake (you are personally liable for any lawsuits). However the plus side is that partnerships are cheap to set up and you don't have to provide your financial information on an annual basis.
Side note there are different partnerships which can be set up, the most notable is a limited partnership where you can have partners who are only liable for their equity stake in the company however they do not have any decision making opportunities in the company either.
What else can I help you with?
What is a difference between public private partnership and private public partnership?
No, both refer to joint efforts by private companies and governmental bodies.
Difference between public company and listed company?
what is the differences between public company and listed company
Difference between proprietary and public companies?
distinguish between a proprietory company and a public company
Difference between public and private cmpany?
A public company is an entity that is traded on the stock market. You can buy and sell shares in a public company. A private company does not offer shares to the public.
Can a public limited company become a partner in a partnership firm?
Yes, it can
Difference between public relation and public administration?
Public relations involves the spread of information between a company and the public. Public administration refers to government policies being implemented.
Difference between Ltd and Plc?
i think Ltd is private limited company and Plc is public limited company
What is the difference between a cooperative and a public liability company?
Gummies chips and especuly macarony
What is the difference between a limited company any a P.L.C.?
a public limited company can offer to sell shares to the public where as a private limited company can not. The other differences between PLC and LTD is that a private company is quoted on stock exchange where as a public limited company is not quoted on stock exchange.
Is there a difference between public listed company and listed company?
the public listed company any one can view their web site and as for the listed not every one can view their website
What is the difference between a limited company and public limited company?
PLC's share holdings are usually sold to the public, ie the public part own them. Limited companies, the shares stay in the company with the directors holding them, they cannot sell them to the public.
What is the difference between employers' liability insurance and public liability insurance?
The difference between employers liability and public liability are simple. Employer liability insurance covers only claims made by the employees against the company. Public liability covers claims against the company by the general public as well as third parties claims.
