Diffrence B/w Firm,Company,Organization... and in b/w College,Institute?
Diffrence B/w Firm,Company,Organization,Fact... and in b/w College,Institute
Answer:
firm is meant Partnership Firm which needs at least 2 legal persons to start with. the firm comes into existance through a partnership deed signed by every partner. even the non-registration of the partnership deed does not question the existance of the Partnership firm. the partnership firm is a separate legal entity other than its partners. also the partners can be sued in most of the cases.
whereas a company is two fold. private company and public company. the object of the company defines the status of the company ie private or public.
the company comes into existance only by the registration with the Registrar of Companies normally offices situated in regions. in every state.
the company is also a separate legal entity different from its promoters / directors. the directors of a company cannot be sued for the deeds of the company.
organisation is a group of individuals formed to carry on specific jobs.
factory is an entity established for the purpose of manufacturing some specific product using workforce. Other Questions and Answers:
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Answer:
firm is meant Partnership Firm which needs at least 2 legal persons to start with. the firm comes into existance through a partnership deed signed by every partner. even the non-registration of the partnership deed does not question the existance of the Partnership firm. the partnership firm is a separate legal entity other than its partners. also the partners can be sued in most of the cases.
whereas a company is two fold. private company and public company. the object of the company defines the status of the company ie private or public.
the company comes into existance only by the registration with the Registrar of Companies normally offices situated in regions. in every state.
the company is also a separate legal entity different from its promoters / directors. the directors of a company cannot be sued for the deeds of the company.
organisation is a group of individuals formed to carry on specific jobs.
factory is an entity established for the purpose of manufacturing some specific product using workforce. Other Questions and Answers: