Difference Between

LLP vs Partnership   Depending upon requirements, there can be many different forms or structures of businesses. Out of these, partnership is perhaps the most commonly heard one. We all know of businesses where many friends bring up capital and start a venture and divide the profits in proportion of their... 

NGO vs NPO   All over the world, the abbreviation NGO has become synonymous with community service and charitable work that is carried out in a selfless manner by a few members of the society without any association or interference of the government. Non-Governmental Organization (or NGO) has become a much-needed... 

PVT. LTD. Company vs LTD. Company   We often come across the names of companies that are different with some being XYZ PVT LTD while others being XYZ LTD. The initials PVT and LTD stand for private and limited respectively, and though PVT LTD and LTD companies have many similarities, there are differences... 

Multinational vs Transnational   Multinational companies are not a recent phenomenon, but it is a fact that today because of modern and fast and efficient means of communications and transportation, companies and businesses find it easy to operate in many other countries apart from their parent country. It... 

Private vs Public Companies A company is a separate legal entity and is isolated from the owners of the business. Many of us have observed that some company names are followed by the suffix ‘Pvt. Ltd’ and others are followed by ‘PLC’. These names denote private limited companies and public limited companies,... 

Sole Proprietorship vs Partnership Sole proprietorship and partnership are both arrangements made in the formation of a business, depending on the scope of the business activities and requirements in terms of the variety of skills and additional funds needed. These two forms of business arrangements are very... 

Limited Partnership vs General Partnership A partnership is a form of business arrangement in which a particular business will be owned and operated by a number of people, known as partners of the business. In this article, we discuss general and limited partnerships. The two are different from each other based... 

Association vs Institution The words association and institution are so commonplace that we hardly pay attention to them. There are some who feel that these are synonyms to be used interchangeably, though it is not the case. Despite many similarities, there are many differences between associations and institutions... 

Inc. vs Corp. Inc (an abbreviation for Incorporation) and Corp (an abbreviation for Corporation) are acronyms used at the time of forming a new business entity. Inc. and Corp. are separate institutions, which have been granted a charter recognizing them as a separate legal entities. Both are within the limited... 

Joint Venture vs Collaboration Collaboration is a concept that is responsible for coming together of people to work towards a shared goal or objective. It is an idea that has led to creation of international bodies where member countries cooperate with each other to achieve the objectives for which the body is... 

Association vs Organization We come across myriad organizations in our lives and sometimes it becomes confusing to differentiate between them on the basis of their nature, scope and purpose. One such type of organization is association. We know that there are various types of associations like PETA, sports associations,... 

Amalgamation vs Acquisition Times are changing and so are corporate strategies. Companies are becoming larger than ever in an endeavor to control larger markets and in search of new customer bases. There are many ways in which a company tries to expand. It can either grow horizontally or can expand vertically.... 

Chairman vs President With passage of time, organizational structures have become bigger and more complex than ever. One gets to hear nomenclatures for various management posts that are often very confusing for common people who cannot make out the difference between a chairman and a president, leave alone COO,... 

Amalgamation vs Merger In corporate news, we often hear the terms amalgamation and mergers. Companies merge with each other to consolidate their assets so as to have more chances of survival and growth and also to have better access to new markets. While the final outcome of both mergers and amalgamations is... 

Public Corporation vs Sole Proprietorship For legal sanction and for tax considerations, there are many business structures to choose from. The structure one chooses often depends upon many factors. There are various types of business entities and public corporation and sole proprietorship are just two of them.... 

Joint Venture vs Licensing In this age of globalization, it has become commonplace to see companies breaking geographical barriers and trying to capture overseas markets once they feel better opportunities exist in foreign countries. Saturation in the home market and ambitions to grow globally make companies...