📕 subnode [[@dr_kvj/partnership vs corporation]] in 📚 node [[partnership-vs-corporation]]
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
📖 stoas
⥱ context