Role of Capital | | | |
Limited to personal capacity | Vast | Secondary Role | No equity interest of shareholders |
Ownership & Control | | | |
Proprietor or Partners | Shareholders | Members / Shareholders | Government |
Transfer of Ownership | | | |
Consent of all owners required | Shares are freely transferable in case of Public Ltd. Co.; restricted in case of Pvt. Ltd. Companies | Membership can be withdrawn | Transferable in case of joint stock company form |
Management | | | |
Limited managerial ability | Expert Management; ownership separated from management | Democratic management with the rule `one member one vote’ | By Government or Governing body |