SIMILARITIES AND DIFFERENCES CO-OPERATIVE AND LIMITED LIABILITY COMPANY

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	Features	Cooperative Society	Limited Liability Company
1	Formation	May only be registered under cooperative laws	Must be registered and incorporated under the Company Act.
2	Management	Elected committee manages the affairs of the society	The shareholders elect board of directors
3	Registration	Members pay registration fee apart from the shares	Registration fees are not paid after paying fully for the shares hold
4	Distribution profit	Surplus is divided on patronage basis	Surplus is divided in proportion to share holding
5	Aim	To promote members’ welfare	To make profit
6	Right of members	Members have equal voting rights	Members have controlling power on the basis of their shares