Developed Countries

Advantages of partnership:
1. Ease of formation
2. secrecy of affairs
3. greater financial resources
4. greater flexibility of operations
5. close supervision
6. combined judgement and abilities
7. protection of minority interests
8. greater scope for expansion
9. cooperation
10. direct motivation

Disadvantages of partnership:
  1. Uncertain life
  2. unlimited liability
  3. conflicts
  4. risk of implied authority
  5. restriction on transfer of interests
  6. reduced public confidence
  7. limited capital

Advantages of a private company:
    1. Ease of formation
    2. secrecy of affairs
    3. flexibility of operations
    4. limited liability
    5. personal touch
    6. continuity of policy
    7. quick decisions
 
  Disadvantages of private company:
      1. reduced public confidence
      2. limited capital resources
      3. restriction on transfer of interests
      4. poor protection of members
      5. no valuation of investments
    Advantages of public company:
    1. Larger resources
    2. scope for expansion
    3. democratic management
    4. transferability of shares
    5. limited liability
    6. public confidence
    7. growth of capital market
Disadvantages of public company:
    1. Unwanted speculation
    2. difficult formation
    3. lack of secrecy
    4. delay in decisions
    5. legal formalities
    6. lack of motivation
 
  Advantages of co-operate socities:
    1. Ease of formation
    2. open membership
    3. democratic management
    4. continuity of policy
    5. internal financing
    6. reduced operating costs
    7. cheaper and better supplies
    8. state patronage
    9. limited liability
    10. social utility
 
  Disadvantages of co-operative socities:
1. Limited funds
2. Ineffecient management
3. Lack of motivation
4. Excessive government control
5. Lack of secrecy
6. Restriction on transferability of shares...