Difference between a Partnership firm and Private Limited Company

Difference between Partnership firm and Private Limited Company Both partnership firm and the company are the forms of business structures that can be formed in India to carry out a business activity.  One of the common features between the private limited company and the partnership firm is that the partnership can be formed with minimum two members and to start the private limited company also two members are required. However, there are certain significant differences between the two business structures that we will be highlighting [...]