The public limited company is also separate legal entity apart from business. The minimum number of the person to start a public limited company is seven i.e 3 directors and 4 shareholder is required and also minimum paidup capital is 5 lacs .
A General Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. This structure is thought to have lost its relevance since the introduction of the Limited Liability Partnership (LLP) because its partners have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for General Partnerships.
* shares of the public limited company is transferable
* The liability of the company is limited to the extend of the shareholding
* public limited company having large amount of the share capital.
* The public limited can borrow its funds from the banks and financial institution. it can issue debenture through secured and unsecured loans also
* the company have perpetual succession and It can be continued even after the death of the member . it can be continued until its legally dissolved..
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