concepts of partnership firm
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Persons who have entered into partnership with one another to carry on a business are individually called “Partners“; collectively called as a “Partnership Firm”; and the name under which their business is carried on is called the “Firm Name” A partnership firm is not a separate legal entity distinct from its members
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Partnership firm
Partnership firmA sole trading concern is established and managed by a single person. A partnership firm is established and managed by two or more person. A single person invests capital for the operation of the business. Two or more partners invest capital for the operation of the business.
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