Aneish, Bab and Carlos operated a partnership of trading in antique clocks. They have been

advised by their lawyers to form a private company, the areas of concern for the partners are the

extent of liability, control of membership, involvement in management and public disclosure.

Advise the partners about the extent of liability, control membership, involvement in management and public disclosure as it relates to being partners in a private company

Explain THREE similarities between a small company and a partnership.