Business Studies, asked by aakumar9205, 7 months ago

Explain all the merit of partnership? in detail

Answers

Answered by lewathiago

Answer:

Ease of Formation and Closure: Partnership is simple to form, inexpensive to establish and easy to operate. No legal formalities are involved and no formal documents are to be prepared. Only an agreement is required and the registration of the firm is not compulsory.

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