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Cooperative
Reason: To provide a service to members
Decision making : Democratic
Capital : Members fees; subscription fees
No: Of People: 5 =/< no limit
Membership limitations: Limited – on economic grounds
Liability: Limited (to members unpaid shares / members fees)Partnership
Reason: Profit driven
Decision making:Divided between partners
Capital : Own contribution; capital that the business is able to raise
No: Of People: 2 < 20
Membership limitations:Limited in number
Liability: Unlimited;(Exception: Undisclosed partners=no liability to 3rd parties; limited to partnership interest against partners)Cooperative
Reason: To provide a service to members
Decision making : Democratic
Capital : Members fees; subscription fees
No: Of People: 5 =/< no limit
Membership limitations: Limited – on economic grounds
Liability: Limited (to members unpaid shares / members fees)Partnership
Reason: Profit driven
Decision making:Divided between partners
Capital : Own contribution; capital that the business is able to raise
No: Of People: 2 < 20
Membership limitations:Limited in number
Liability: Unlimited;(Exception: Undisclosed partners=no liability to 3rd parties; limited to partnership interest against partners)
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