| Sr. No | Basis | Co-operative Society | Partnership Firm |
| 1. | Meaning | It is a voluntary association of individuals which is formed for providing services to its members. | Partnership is the relation between the persons who have agreed to share the profits of a business carried on by all or any one of them acting for all. |
| 2. | Objective | The main object of co-operative society is to provide services to its members | The main object of Partnership firm is to earn profit. |
| 3. | No. of members | Minimum 10 members are required to establish co-operative society, no maximum limit. | Minimum 2 members are required. For banking business maximum 10 members and for non-banking business maximum 20 members are required. |
| 4. | Legal status | Co-operative society enjoys an independent legal status different from its members . | Partnership Firm does not enjoy an independent legal status from its members. |
| 5. | Transferability of shares | Shares can be transferred by the members. | No partner can transfer his share without consent of members |
