Partnership Firm Vs. Private Limited Company:

[marky]

Frankly, I don't think about that restricted organization despite the fact that I think the limit is the capitalization. It is just the association that we have here and, indeed, I had an organization business previously however we enlisted it as a solitary ownership to give me the full control. My colleague confided in me however in the end it was him that I ought not have trusted. Yet, that is an alternate story to show the awful side of organization.

 

[Nurudeen]

I don't really like anything sort of partnership Business and as such I won't even think about iT just because my partner can default the agreement between us which can now then later affect the business and stop it from growing but if it's private I will have the say on my business myself

 

[Trojan8]

This would depend on what the owners of the business hope to achieve. The only tangible difference is on the legality of the business. As a partnership business has unlimited liabilities while a limited liability company is limited by the amount contributed. So it's all about legality when it comes to a choice between this two business.

 

[Sammyesx]

They both have their own advantages and disadvantages, but personally I would prefer a private company, a private company give the owner the maximum control over the business hence he gets all the profits.

 

[Dowenship]

Partnership and a private limited company, both are small business organizations with a small capital and small working staff. I am not an expert in business and finance but based on my understanding and reading, the only difference I see between these two is while a partnership firm has limitations in terms of growing big whereas a private limited company can grow really big, sometimes even grow into the size of a public limited company.

A partnership firm is when you join with another person (can be more than one, and there is no limitation on how many people can participate, but if there are over a dozen it is generally recommended that you go for a public limited business model), raise capital, write a business contract, and register your firm in the trade and commerce department in the place of your operation. A Private limited company needs to be registered in the company registrar's office and need a document signed by shared holders.

Many business have prospered from this form of business and at same time a lot as been destroyed by this same form or type of business. The most important thing to consider in this case or situation the individualism of the business.

 

[sam386150]

partnership is not barrack in partnership is the best out of the two because if they have an experienced partner in the business it'll be easier for you to navigate the business and grow in it very quickly

 

[Sariana23]

The most important difference between the two companies is that the Sociedad Anónima: has a minimum share capital divided into shares, which are listed on secondary markets, while the Sociedad Limitada: has a share capital divided into participations that cannot be listed on secondary markets.

 

[Setho]

I have always maintained and tried to maintain that two heads are always better than one and if they can get someone trustworthy and who can take the business forward, you should not hesitate to partner with the person. I prefer partnership to sole proprietorship business.

 

[Nomad]

In my opinion, private limited is better than partnership firm. Private limited companies can invite more investors at any time, however, it is difficult to get new investors for partnership firm. I am saying this from my experience.

 

[Setho]

I think both offer their advantages and disadvantages. While partnership ensures more efficient work done, it I not that easy to acquire investors than in the private partnership.

 

[Sheyemanu]

Well, concerning your question in the above post on which i would prefer between a partnership firm or a private company limited, I have to say that having read the points you made above i will have to go with the private company limited

 

[Good-Person]

This is my own personal opinion. I believe that my business is one of my private things in my life. In fact, even my sources of income is a private thing in my life, according to me. This is why I would always avoid forming partnerships with people. However, if my partner is sincere and honest, then I may consider forming a partnership with him or her.

 

[Snazzy001]

The both are all good, what really matters or its goodness is highly dependent on the company's goal, which usually will have to involve maximization of profit and the welfare of its workers.

 

[Kingsley]

For me i might want to consider a limited liability comany because we tend to have more stronger capital base and we can afford alot of things like loans and the likes because we have a stronger capital base. and thr death of a partner does not lead to the end of the business.

 

[Ralphjoe]

Another fundamental difference is the while partnership firms are not limited in liability borne in case of bankruptcy, limited companies owners bear limited liability.

You have also noted that expansion is limited in partnership unlike limited companies, furthermore, there's a disparity in number of persons that can be on their board.

The differences between partnership firms and limited liability company are quite wide but in terms of preference I would really go with limited liability company instead of partnership because it is more structured than partnership that has just the partnership deed to regulate it's activity.

 

[Justin]

If I have a lot of money I would start a single ownership, if I did not have enough funds, I would try partnership. Private limited company is bigger than partnership and I may not be able to invest private limited company.

 

[Kunkun]

Well depending on the status and standing of both options which would matter a lot, I think a partnership company still edges out for a number of reasons

 

[nimzy]

Well business I always and wishes to do my business alone as an individual operated one man business that is to say I will rather consider and accept the individual personal business rather than either somebody because I dont trust human and human are not to trusted with your resources.

 

[GIFTMICHAEL]

Right from origin I've always loved sole proprietorship kind of business, be it a lucrative business venture or company. Then employ workers when the business us expanded ti help me out oversee major improvement.

 

[Setfragil]

Partnership is good when you do not have enough money to finance your business the way you want it. The best business is the one you own yourself as all the profits goes to your personal account without sharing anything with anybody.