What is the difference between a Proprietor firm, a
Partnership firm & a limited company
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Answer Posted / sanjay bharti
PROPRIETOR FIRM CALLED THOSE FIEM WHICH HAVE ONLY ONE
OWNERSHIP AND NOTHING INVOLVED IN THIS,ALL THE BUSINESS
INCOME AND LOSS BEAR BY THE PROPRIETOR OF FIRM.
PARTNERSHIP FIRMS WHICH HAVE MORE THAN TWO OWNERSHIP AND
ALL THE INCOME AND LOSSES DIVIDED BY THE RATIO WHICH IS
MENTION IN THE PARTNERSHIP DEED AND OTHER DOCUMENTS.
lIMITED COMPANY WHICH IS PARTIALLY UNDER THE PUBLIC AND
PARTIALY UNDERS THE GOVT BECAUSSE SHARES OF THE COMPANY IS
TAKEN BY PUBLIC AND GOVT.
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