| Governed by |
Full control by partners |
Directors appointed by shareholders |
| Ease of setup |
Easy , might not even have to register |
Hardest to setup and maintain |
| Liability |
Limited partnership or LLP are options |
Always limited liability |
| Ownership |
Hard to transfer , partnership agreement should be checked |
Easy via handing over of shares |
| Tax |
should check |
" |
| Foreign partners |
should check |
" |
| Transfer of shares |
One cannot transfer without the consent of the other |
I think transfer of shares is upto the discretion of the shareholders |