"Partnership is superior to company." Explain it by giving 4 reasons.


"Partnership is superior to company". The reasons for the given statement are explained as follows.

1. ​ The formation and closure of a partnership are procedures free from problems—its formation does not require
mandatory registration and it can be ended at any time with the mutual consent of all the partners.
2. ​As the partnership firm is not required to publish its accounts or submit reports legally, confidentiality and
secrecy of information are maintained.
3. ​There are not many restrictions laid down under the Partnership Act, and therefore a partnership enjoys greater
4. ​The risks are shared by all the partners, thereby reducing the burden on any single partner.

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Partnership is a firm started with two or more person eg of partners are sleeping , holdout , esstopel ,

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I think it's right ?? Be ask with someone
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