What are the advantages of a private limited company rather than a partnership as a form of business organisation?

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asked Apr 20, 2023 87.6k views

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Clumpter · Answer 1 · 2023-04-26T06:29:55+0000

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Owners of a partnership are liable for business debts and obligations. Private limited companies are owned by shareholders and managed by directors. They carry limited liability for business debts, which reduces personal risk.

What are the advantages of a private limited company rather than a partnership as a form of business organisation?

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