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Difference Between Partnership and Private Limited Company
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[QUOTE="Nite, post: 345835, member: 28512"] Partnership businesses are relatively easier and less costly to set up compared to private limited companies. On the other hand, private limited companies are separate legal entities distinct from their owners. While both partnership and private limited company can start small, a private limited company offers greater growth potential, limited liability for shareholders, and the ability to raise capital through share issuance. Partnerships, on the other hand, offer simplicity in formation but come with unlimited personal liability for partners. [/QUOTE]
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