(i) A private limited company does not allow the transfer of shares while partnership does not deal with shares but members' contribution.
(ii) In a private limited company, all members have limited liabilities while for partnership, one partner has unlimited liability except others who have limited liabilities.
(iii) A private limited company can be managed by one director or two if big while a partnership business is managed by active partners jointly.
(iv) A private limited company has a minimum of 2 shareholders to 50 members while for partnership, the business is owned by two or more persons with a maximum of 20 for ordinary partnership.
maurice.mutuku answered the question on July 6, 2017 at 05:47
-
What are the benefits of direct production?
(Solved)
Explain the benefits of direct production.
Date posted:
July 6, 2017
.
Answers (1)
-
Why does the Kenyan government impose tax?
(Solved)
List reasons why the Kenyan government imposes tax.
Date posted:
July 5, 2017
.
Answers (1)
-
What is a current asset?
(Solved)
Define current asset.
Date posted:
July 5, 2017
.
Answers (1)
-
Why do many governments discourage localization of firms?
(Solved)
Give reasons why many governments discourage localization of firms.
Date posted:
July 5, 2017
.
Answers (1)
-
What is personal selling?
(Solved)
Define personal selling.
Date posted:
July 5, 2017
.
Answers (1)
-
What is Publicity?
(Solved)
Define publicity.
Date posted:
July 5, 2017
.
Answers (1)
-
What is advertising?
(Solved)
Define advertising.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the advantages of pipeline transport over the road transport?
(Solved)
Give the advantages of pipeline transport over the road transport.
Date posted:
July 5, 2017
.
Answers (1)
-
What is public relations?
(Solved)
Define public relations.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the contents of a cover note?
(Solved)
Give the contents of a cover note.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the merits of a bonded warehouse to the Government?
(Solved)
List the merits of a bonded warehouse to the Government.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the limitations of a siren as a means of communication?
(Solved)
Give the limitations of a siren as a means of communication.
Date posted:
July 5, 2017
.
Answers (1)
-
Why do consumers need protection from unscrupulous traders?
(Solved)
Give reasons why consumers need protection from unscrupulous traders.
Date posted:
July 5, 2017
.
Answers (1)
-
What are the features of a departmental store?
(Solved)
Give the features of a departmental store.
Date posted:
July 5, 2017
.
Answers (1)
-
What measures may be taken by an office manager to safeguard the property of the organization?
(Solved)
Give measures that may be taken by an office manager to safeguard the property of the organization.
Date posted:
July 5, 2017
.
Answers (1)
-
What factors should an entrepreneur consider before investing in a business opportunity?
(Solved)
Highlight factors that an entrepreneur should consider before investing in a business opportunity.
Date posted:
July 5, 2017
.
Answers (1)
-
What remote external factors influence business operations?
(Solved)
Give remote external factors that influence business operations.
Date posted:
July 1, 2017
.
Answers (1)
-
Intermediaries play a key role in the chain of distribution, what are such roles?
(Solved)
Intermediaries play a key role in the chain of distribution, discuss such roles.
Date posted:
July 1, 2017
.
Answers (1)
-
In what ways can a computer improve efficiency of an organization?
(Solved)
Give ways in which a computer can improve efficiency of an organization.
Date posted:
July 1, 2017
.
Answers (1)
-
What are the factors affecting the circular flow of income?
(Solved)
List the factors that affect the circular flow of income.
Date posted:
June 30, 2017
.
Answers (1)