5/8/2011 Comparison between partnerships and companies Why do you choose to establish companies instead of partnerships? Advantages(disadvantages)of companies over other business vehicles (i.e.,sole trader,and partnership): 3 Companies ·Sources of law: Companies Ordinance(Cap 32). Common law:principles of common law and equity are applicable. 25/8/2011 2 Comparison between partnerships and companies • Why do you choose to establish companies instead of partnerships? • Advantages (disadvantages) of companies over other business vehicles (i.e., sole trader, and partnership): 3 Companies • Sources of law:  Companies Ordinance (Cap 32).  Common law: principles of common law and equity are applicable. 4