π Node [[partnership vs corporation]]
π Partnership vs corporation.md by @dr_kvj
| Points | Partnership | Corporation. |
|---|---|---|
| Governed by | Full control by partners | Directors appointed by shareholders |
| Ease of setup | Easy , might not even have to register | Hardest to setup and maintain |
| Liability | Limited partnership or LLP are options | Always limited liability |
| Ownership | Hard to transfer , partnership agreement should be checked | Easy via handing over of shares |
| Tax | should check | " |
| Foreign partners | should check | " |
| Transfer of shares | One cannot transfer without the consent of the other | I think transfer of shares is upto the discretion of the shareholders |
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