What are the advantages of a company over a partnership?

A company often enjoys limited liability, meaning that shareholders are not personally responsible for the company's debts, which protects individual assets. Additionally, a company can raise capital more easily through the sale of shares, facilitating growth and investment opportunities. Companies also benefit from greater credibility and brand recognition, which can attract customers and partners. Furthermore, the structure of a company allows for continuity and stability, as it can exist independently of its owners.