Archive | Partnership

Partnership Business: Definition, Characteristics, Registration, Features, Advantages and Disadvantages

In this article we will discuss about:- 1. Definition of Partnership Organization 2. Characteristics of Partnership Organization 3. Registration 4. Features 5. Ideal Partnership Organization 6. Kind 7. Deed or Agreement 8. Dissolution 9. Advantages 10. Disadvantages. Contents: Definition of Partnership Organization Characteristics of Partnership Organization Registration of Partnership Organization Chief Features of Partnership Organization Ideal Partnership Organization Kind of [...]

By |2018-08-01T10:43:25+05:30August 1, 2018|Partnership|Comments Off on Partnership Business: Definition, Characteristics, Registration, Features, Advantages and Disadvantages
Read More

Partnership: Definition, Need and Characteristics

After reading this article you will learn about:- 1. Meaning and Definition of Partnership 2. Need of Partnership 3. Characteristics or Features or Elements. Meaning and Definition of Partnership: Partnership is an association of two or more persons who agree to carry on a lawful business in common with the object of sharing in partnership. The partners provide the capital [...]

By |2017-02-06T21:14:29+05:30February 6, 2017|Partnership|Comments Off on Partnership: Definition, Need and Characteristics
Read More

6 Essential Requisites of an Ideal Partnership

The essential requisites of an ideal partnership are as follows: 1. A Written Agreement 2. Common Purpose 3. Long Duration 4. Good Faith 5. Sufficient Capital 6. Registration. Requisite # 1. A Written Agreement: In order to avoid any complications, disputes, misunderstanding, it is always desirable that there should be a written agreement among the partners. Agreement should contain full [...]

By |2017-02-06T21:14:29+05:30February 6, 2017|Partnership|Comments Off on 6 Essential Requisites of an Ideal Partnership
Read More
Go to Top