Advantages that a company holds over a partnership


Problem: claris and harris are dual partners of their own software development partnership. Claris now wants to"go big" and incorporate a company to run their business. harris is unconvinced and seeks your advice on the below questions.

A. describes two advantages that a company holds over a partnership.

B. Explain how the legal liability of claris and harris will change if they go from being partners to becoming shareholders/directors of their new company.

 

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Other Subject: Advantages that a company holds over a partnership
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