142k views
2 votes
Explain the differences between a partnership and a corporation

User Syed Rehan
by
7.5k points

1 Answer

6 votes
A corporation is an independent legal entity owned by shareholders, in which the shareholders decide on how the company is run and who manages it. A partnership is a business in which two or more individuals share ownership.
User Jason Gross
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.