Formation: Formation of a company is expensive and cumbersome as more documents are required in order to secure certificate of incorporation. It is registered under the Company Act
Dissolution: the death of a shareholder or member of Board of Directors does not bring the business to an end. It is by voluntary winding up or court order |
Formation: It is less expensive and requires less documentation. It is registered under Partnership Act.
Dissolution: Exit or death of a partner, disagreement among partners, introduction of a partner brings the business to an end. A court order may also bring it to an end. |
