2. Asume you are warting a partnership firm with your finend friends Develop a busines plan
covering the following aspects
Formation of this parmershup form - rules and steps that would be followed includes
the partnership deed
Choice of opes of parmers imahed and your justification for the same.
of public sector undertakings that have been recently
Answers
Answer:
Explanation:
n a unique feature, all partners have unlimited liability in the business. The partners are all individually and jointly liable for the firm and the payment of all debts. This means that even personal assets of a partner can be liquidated to meet the debts of the firm.
Explanation:Types of Partnerships in India
General Partnership: ...
Limited Liability Partnership (LLP): ...
Based on Partnership Registration Status: ...
Active or Working Partner: ...
Dormant or Sleeping Partners:
Nominal Partner: ...
Partner by estoppel or holding out: ...
Partner in profits only:In this partnership, each partner represents the firm with equal right. All partners can participate in management activities, decision making, and have the right to control the business. Similarly, profits, debts, and liabilities are equally shared and divided equally.Partnership definitions
The state of being a partner; participation. ... The definition of a partnership is a relationship between two or more individuals. An example of a partnership is two businesses working together. An example of a partnership is a marriagePartnership Business Examples: Everything You Need to Know
Red Bull & GoPro. One example of a partnership business is the relationship between Red Bull and GoPro. ...
Sherwin-Williams & Pottery Barn. ...
West Elm & Casper. ...
Dr. ...
Louis Vuitton & BMW. ...
Spotify & Uber.
Partnership Business Examples | UpCounse