law
what ways ae companies to be distinguished from partnership
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com - (Broken Link Removed) 4. Your Legal Corner - (Broken Link Removed) A company is a legal entity which can enter into contracts, own property and have a separate legal identity from its individual owners. A company has to pay taxes, maintain records and comply with government regulations. In contrast, a partnership is a business owned and operated by two or more individuals and is generally easier to manage and costs less to set up. The taxation and legal liability of partners can vary according to the terms of the partnership agreement.
