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?
I would make comparative analysis accordingly as follows
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.
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