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How do you distinguish a partnership from a corporation? How doyou distinguish a public...

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Accounting

How do you distinguish a partnership from a corporation? How doyou distinguish a public partnership from a public corporation? Ifyou were starting a business with a friend and only had a choicebetween a partnership and corporation, which would you choose andwhy?

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Answer a Partnership and corporation are the form of a business organization Each has their own advantage and disadvantage Meaning of partnership This is a type of business organization in which two or more individuals pool money skills and other resources to earn profit They share profit and loss accordance with terms of the partnership agreement but if there are now written agreement that profit and loss will be share equally    See Answer
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In: AccountingHow do you distinguish a partnership from a corporation? How doyou distinguish a public partnership...How do you distinguish a partnership from a corporation? How doyou distinguish a public partnership from a public corporation? Ifyou were starting a business with a friend and only had a choicebetween a partnership and corporation, which would you choose andwhy?

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