You would like to start a business either as a partnership firm

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formsoforganisations

#1

You would like to start a business either as a partnership firm or a cooperative society but you are in a state of dilema and would not be able to choose between them. Then in this case what you will do?


#2

I would make comparative analysis accordingly as follows
Cooperative Society:
1.Its main purpose is to serve its members.
2.Its registration is compulsory.
3.The liability of members are limited.
4.Not dissolved on the death or lunacy of a member.
5.It has separate legal entity.
Partnership:
1.Its main purpose is to earn profit.
2.It is not necessary to register a partnership firm.
3.The partners suffer from unlimited liability.
4.Dissolved on the death or lunacy of a partner
5.No separate legal entity