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There are four main differences between a partnership and a corporation. Those differences are how liability is distributed, how taxes are assessed, the flexibility of running and selling the business, and how it raises capital.

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Q: How is Partnership distinguish from corporation?
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Related questions

Can a partnership have directors?

Where a corporation is a partner in a partnership, the corporation's directors can have an indirect effect on the partnership.


What is the least common a corporation sole proprietorship partnership or limited corporation?

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That depends on the type of partnership. If it's a corporation then yes. If it's an LLC then no.


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