What is the difference between a copmany and a partnership?

assuming you meant company,

company-
1. a number of individuals assembled or associated together; group of people.
2. a number of persons united or incorporated for joint action, esp. for business: a publishing company; a dance company.
3. (initial capital letter) the members of a firm not specifically named in the firm's title: George Higgins and Company.

Partnership
1.The state of being a partner.

2.
a. A legal contract entered into by two or more persons in which each agrees to furnish a part of the capital and labor for a business enterprise, and by which each shares a fixed proportion of profits and losses.
b.The persons bound by such a contract.

3. A relationship between individuals or groups that is characterized by mutual cooperation and responsibility, as for the achievement of a specified goal: Neighborhood groups formed a partnership to fight crime.

A company is a coporation where you have a CEO etc... it could be public or private.

A partnership is a business that you share with another person.

One person can set up a company. Or a company can be owned by a partnership. Or a company can be owned by many shareholders (like the big ones--Exxon, Sears, etc.) A partnership implies an agreement between two or more people as to sharing ownership of a business, or for some other purpose.

Company- a chartered commercial organization or medieval trade guild b : an association of persons for carrying on a commercial or industrial enterprise

Partnership- the state of being a partner : PARTICIPATION
2 a : a legal relation existing between two or more persons contractually associated as joint principals in a business b : the persons joined together in a partnership

As defined in Webster.

are we talking legally a company has limited liability where a partnership has unlimited liability meaning if the company owes money and is unable to pay that they can attach your personal assets. a corporation witch is what i think you are asking about is a separate entity from you and if it goes belly up they can not take your personal assets to pay for company debt.

A company is just another term for a business. A corporation is a legal entity seperate from its owners so they cannot be held liable. A partnership is a business in which the partners can be held directly liable. A proprietorship is a company with a single owner.

A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested.

In most countries, a partnership is a nominate contract between individuals who, in a spirit of cooperation, agree to carry on an enterprise, contribute to it, by combining property, knowledge or activities and to share its profit. Partners may have a partnership agreement, or declaration of partnership and in some jurisdictions such agreements may be registered and available for public inspection. In many countries, a partnership is also considered to be a legal entity, although different legal systems reach different conclusions on this point.

Partnerships are often favored over corporations for taxation purposes, as a partnership structure eliminates the dividend tax levied upon profits realized by the owners of a corporation.

The most basic form of partnership is a general partnership, in which all partners manage the business and are personally liable for its debts. Two other forms which have developed in most countries are the limited partnership (LP), in which certain "limited partners" relinquish their ability to manage the business in exchange for limited liability for the partnership's debts, and the limited liability partnership (LLP), in which all partners have some degree of limited liability
http://en.wikipedia.org/wiki/Partnership

In law, a company refers to a legal entity formed which has a separate legal identity from its members, and is ordinarily incorporated to undertake commercial business. Although some jurisdictions refer to unincorporated entities as companies, in most jurisdictions the term refers only to incorporated entities. It has been judicially remarked that "the word company has no strictly legal meaning",[1] but is taken to mean a specific form of entity created under the laws of the relevant jurisdiction. Because of the limited liability of the members of the company for the company's debts and the separate personality and tax treatment of the company, it has become the most popular form of business vehicle in most countries in the world.

Lacking a concise definition of their own, companies are often defined by reference to what they are not. Companies are separate and distinct from:

sole proprietorships
partnerships
trusts, although conceptually trustees managing a trust fund for the benefit of beneficiaries is in many ways similar to the directors managing the company's assets for the benefit of the shareholders.
guilds
unincorporated associations of persons, such as clubs, cooperatives and collectives.
Modern companies are generally formed for one of three purposes:

"non-profit companies", formed for social, charitable or quasi-charitable purposes to provide the sponsors with the benefit of limited liability and to form an administratively convenient mechanisms for the administration of the organization.
small business companies, usually formed by either sole traders or partners to take advantage of limited liability and (sometimes) as a means of tax avoidance, whilst still retaining overall control in the hands of the founders.
public investment companies, formed to enable members of the public to invest in a business or enterprise without actually becoming involved in the running of it (which is left to the board of directors).
However, companies have a number of other uses. They are not normally subject to rules against mortmain or perpetuity, and may have perpetual existence. Companies are often used in tax structuring. Companies, being commercial entities, are often easier to utilise in financing arrangements than partnerships and individuals.[2] Companies have an inherent flexibility which can let them grow; there is no legal reason why a company initially formed by a sole proprietor cannot eventually grow to be a publicly listed company, but a partnership will generally always be limited as to the maximum number of partners
http://en.wikipedia.org/wiki/Company

A partnership is actually type of company, as is a sole proprietorship and a corporation. A partnership is owned by 2 or more owners that have direct liability. A sole proprietorship is owned by one owner with full liability. A corporation can be owned by one or millions of people with no liability.

A partnership can be structure as a separate entity from a non-incorporated company. A company can be an individual, a partnership, a Sub S corp, a C corp, etc.

you must clarify what you mean by company, i.e. sole proprietor, corporation, non profit org, gov agency, etc. Then one could illustrate the difference between a "company" and a partnership.

There are many legal differences. The right to issue stock can only be done by a corp. Any liabilities incurred by a corp. are the corporation an legal entity or responsibility of the board of directors. as was the case with Enron. A company is generally owned by an individual or a partnership agreement among several individuals. Any liabilities incurred would be against the owner or partners. Additionally, a corp. enjoys greater tax benefits. Hope this helps you.

a company consists of cars buildings and stuff

a partnership consists of two people working together 50/50

company is just ordinary, however partnership is more closer

a partnership is when you have more than 2 people working for your company.. your company can't be established unless u have tax id number and hire people.

A company is which you own a business all to your self and partnership is which you own a comapny together for example a hotel, airlines, car dealers and more you can buy a company together.

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