A private company is compromised between a public company and partnership Explain - Business Studies - Forms of Business Organisations

Question

A private company is compromised between a public company and
partnership Explain

Prince Verma · Accepted Answer

A private limited company comprises of positive characteristics of
both, public company and partnership form of business It inhibits
the feature of limited liability and personal control from
partnership form of business At the same time, it also inhibits the
features of perpetual succession, separate legal entity etc from
public limited company Hence, we can say that a private company is
a harmonious compromise between public limited company and
partnership

A private company is compromised between a public company and partnership. Explain.