An association of two or more persons to carry on business. Answer in a word / phrase / term.
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Hey mate ✌️✌️
An association of two or more persons to carry on business⤵️⤵️⤵️⤵️⤵️
(Partnership Firm)
An association of two or more persons to carry on business⤵️⤵️⤵️⤵️⤵️
(Partnership Firm)
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Answer:
As per the question
An association of two or more persons to carry on businesses co owners
* Unincorporated business owned and operated by two more persons
*each of the partners control the operations and profit
*No need to enter into a formal agreement for a partnership to exist at a law
*If the partnershipagreement is silent, the UPA governs.
* If the agreement does not state otherwise, the profit of the partnership are divided equally
*Each partner has unlimited, personal liability for business debts.
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