Limited liability vs joint stock
The primary difference between partnership and limited liability partnership is that partners are joints or severally liable for the acts of the partners and the firm, in a partnership. On the other hand, in case of limited liability partnership, the partners are not held responsible for the acts of other partners. contains a table outlining the main differences between a limited liability company and a joint stock company in the Kingdom of Saudi Arabia. (a) Limited Liability companies The most common form of company in the Kingdom of Saudi Arabia is the limited liability company. It should be noted that a limited liability company is the most common