What are the major Differences between partnerships and limited companies?

[jack]

Can anyone help with this question. Much appreciated.Thank you ------

[ethan11]

The main difference between a partnership and a limited company is that the liability of a company’s shareholders is limited to the amount of the unpaid amount on the shares that they own. Partners on the other hand, can not restrict their liability (unlimited liability) and therefore can be held personally responsible for any unpaid debts the partnership incurs.