How does a limited partnership differ from an unlimited partnership?

Example for How sole traders,partnership and publiclimited companies differ in regard to members & management?

• any example for How sole traders,partnership and public limited companies differ in regard to members and management

• Answer:

  Sole Traders normally have one owner, they provide all the capital, manage the business, and bear all the risks associated with the business.They also get all the profits. The business has a life for as long as the trader is in business. A partnership, as more than one owner, and up to 25 owners.Will have a name,and the capital is contributed by the partners.The partnership will some formal legal agreement, and each partner will be liable for the decisions of the others.The partnership will exist for as long as required. A public company will be incorporated. Will have shareholders, and listed on the stock exchange.There will be a set of rules that have to be comlied with. The company will exist for as long as possible, unless it is dissolved.Mangement structure is set up from board level, CEO, managers and employee's. Each business type has a different structure as to the employee setup, and different forms of management.