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what is difference between company and firm



what is difference between company and firm..

Answer / bharat

Both are formed by association / group of persons.. But in
case of firm, registration of not necessary whereas company
must be registered / incorporated under Companies Act.

Firm has so many advantages than company in the following
clauses - Capital Clause, Filing forms, Auditing,
directorships.

Is This Answer Correct ?    7 Yes 2 No

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