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What type of company is ausfarm limited

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Reference no: EM133314243

Case: AusFarm Limited consolidated the farm business in 1995. Until then, some of the business had been operated by William Wales, Henry Windsor and Catherine Wales, William's wife, as a partnership.

REQUIRED:
a. What are some of the key differences between a partnership and a company, as a vehicle for operating a business?

b. What type of company is AusFarm Limited? Distinguish Public and Private Company. Provide 3 advantages that a Public Company have over a private company. Give Reasons for your answer.

Reference no: EM133314243

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