Question

explain the meaning advantages and limitations of partnership firm of organisation​

Answer 1

Answer:

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Explanation:

Easy to Start

• Partnership firms are one of the easiest to start. The only requirement for starting a partnership firm in most cases is a partnership deed. Hence, a partnership can be started on the same day. On the other hand, an LLP registration would take about 5 to 10 working days, as the digital signatures, DIN, Name Approval and Incorporation must be obtained from the MCA.

Decision Making