After reading this article you will learn about the various stages in the evolution of industry. Since the early middle ages there were not many kinds of industries, because the needs of the people were limited. They were only interested in meeting the basic necessities of life such as food, clothing and housing. The people were not much literate and [...]
This article will help you to learn about the difference between partnership and sole tradership. Difference between Partnership and Sole Tradership Partnership 1. Act: Partnership is formed under Indian Partnership Act, 1932. 2. Number of Members: In partnership, minimum number of members is two and maximum is 20 and 10 for banking business. 3. Secrecy: In partnership, all the partners [...]
This article will help you to differentiate between partnership and co-ownership. Difference between Partnership and Co-Ownership Partnership 1. Contract: Partnership is the outcome of an agreement. 2. Number of Members: In partnership, the number of members cannot exceed the maximum limit. 3. Object: The object of partnership is to carry on some lawful business and earn profits. 4. Agent: In [...]