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difference between partner ship firm and join stock company

partnership:

1.partnership is an association of individuals competent to enter into contracts, who agree to carry on the business in common with a view to earn and share profits.

2.registration is not compulsory

3.there is unlimited liability.

4.all partners are mutual agents

5.number of partner cannot exceed 10.

joint stock company:

1.this company is an artificial person recognised by the law, with a distinctive name, a common seal, a common capital and carrying limited liabilities.

2.registration is compulsory.

3.there is limited liability.

4.a member is not an agent of another member.

5.in case of pvt the members is 50 & in case of public it is unlimited.

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7y ago

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