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It is a company or business which is owned privately by family or small group. Company's owners are liable only to amount they invest in their business. This type of company have limited number of shareholders and restricts from publicly trading shares.
Partnerships business is that in which two or more than two members operates business foe making profits. All partners are mutually liable for all debts incurred by partnership firm.
that business that is owned bu only one person. The person is fully liable to all debts and has unlimited liability incurred during business. (Avolio. and Yammarino, eds., 2013.) The owner may operate business or employ to others to run business.
A business where owners in liable for all debts thet incurred during business.
In limited liability business of ownership is that where owners of business is limited to fully, paid up value of share capitals.
A business in which liability is limited and owners are liable only to amount invested in business and liable for debts incurred by the company. In this company is not restricts to public tradi
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