DIFFERENCES BETWEEN PARTNERSHIP AND PUBLIC LIMITED LIABILITY COMPANY
Features | Partnership | Public Limited Liability Company | |
1 | Legal entity | It has no separate legal entity | It has separate and distinct legal entity |
2 | Liability | It has unlimited liability | It has limited liability |
3 | Membership | It has a minimum of two and a maximum of twenty | It has a minimum of seven and no maximum limit |
4 | Ownership | It is not separated from management the partners | Ownership is separated from as it is owned and contributed by as it is owned by shareholders and controlled by board of directors. |
5 | Formation | Rights are regulated by deeds of partnership as they are not incorporated | Governed by memorandum of association as they are incorporated |
6 | Auditing | No audit of account | Law prescribes an annual audit and publishing of accounts. |
7 | Perpetuity | Death or withdrawal of a partner can bring it to an end | Company enjoys perpetual existence |
8 | Raising of capital | This is done through member’s contribution | This can be done through issuance of shares to the public. |
ROUND WORM OF PIGS
161. LIVER FLUKE
162. ECTO PARASITES
163. TICK
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