There is generally no registration for filing fee. Liability is unlimited. Unless the partnership agreement specifies otherwise, the partnership is dissolved upon withdrawal or death of a partner. Transferring ownership requires the consent of all partners. A majority vote of partners is required for control.
Capital is limited by the partners' ability and desire to contribute.
Income from the business is taxed as personal income. A C Corporation is a business organization that exists as a legal entity. It is the form of organization that has the most fees and requirements. A written application must be filed with the secretary of state. The corporation, and not its owners, is liable for debts contracted by the business.