A major advantage of the private company over a partnership is that the private company

A major advantage of a private company over a partnership is that the private company has limited liability. This means that the owners (shareholders) of the company are not personally responsible for the company's debts or liabilities. In the case of a partnership, the partners have unlimited liability, which means that they are personally responsible for the partnership's debts and liabilities. As a result, a private company is a more attractive option for those who want to limit their personal financial risk. Additionally, a private company can sell shares to raise capital, which a partnership cannot do.