Meaning definition nature characteristics features of partership
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ʜᴇʏᴀ ᴜsᴇʀ!
ᴘᴀʀᴛɴᴇʀsʜɪᴘ ʀᴇғᴇʀs ᴛᴏ ᴛʜᴀᴛ ᴛʏᴘᴇ ᴏғ ʙᴜsɪɴᴇss ᴏʀɢᴀɴɪsᴀᴛɪᴏɴ ɪɴ ᴡʜɪᴄʜ ᴛᴡᴏ ᴘᴇʀsᴏɴ ᴡɪʟʟɪɴɢʟʏ ᴊᴏɪɴ ᴛᴏ ʀᴜɴ sᴏᴍᴇ ʟᴏᴄᴀʟ ʙᴜsɪɴᴇss.
ғᴇᴀᴛᴜʀᴇs ᴏғ ᴘᴀʀᴛɴᴇʀsʜɪᴘ:
①ᴍᴏʀᴇ ᴛʜᴀɴ ᴏɴᴇ ᴘᴇʀsᴏɴ
②ᴇxɪsᴛᴇɴᴄᴇ ᴏғ ʙᴜsɪɴᴇss
③ᴄᴏɴᴛʀᴀᴄᴛᴜᴀʟ ʀᴇʟᴀᴛɪᴏɴsʜɪᴘ
④ᴘʀᴏғɪᴛ ᴍᴏᴛɪᴠᴇ ᴀɴᴅ sʜᴀʀɪɴɢ ᴏғ ᴘʀᴏғɪᴛ
⑤ᴘʀɪɴᴄɪᴘᴀʟ ᴀɢᴇɴᴛ ʀᴇʟᴀᴛɪᴏɴsʜɪᴘ
ʜᴏᴘᴇ ᴛʜɪs ᴍᴀʏ ʜᴇʟᴘ ʏᴏᴜ!
ᴘᴀʀᴛɴᴇʀsʜɪᴘ ʀᴇғᴇʀs ᴛᴏ ᴛʜᴀᴛ ᴛʏᴘᴇ ᴏғ ʙᴜsɪɴᴇss ᴏʀɢᴀɴɪsᴀᴛɪᴏɴ ɪɴ ᴡʜɪᴄʜ ᴛᴡᴏ ᴘᴇʀsᴏɴ ᴡɪʟʟɪɴɢʟʏ ᴊᴏɪɴ ᴛᴏ ʀᴜɴ sᴏᴍᴇ ʟᴏᴄᴀʟ ʙᴜsɪɴᴇss.
ғᴇᴀᴛᴜʀᴇs ᴏғ ᴘᴀʀᴛɴᴇʀsʜɪᴘ:
①ᴍᴏʀᴇ ᴛʜᴀɴ ᴏɴᴇ ᴘᴇʀsᴏɴ
②ᴇxɪsᴛᴇɴᴄᴇ ᴏғ ʙᴜsɪɴᴇss
③ᴄᴏɴᴛʀᴀᴄᴛᴜᴀʟ ʀᴇʟᴀᴛɪᴏɴsʜɪᴘ
④ᴘʀᴏғɪᴛ ᴍᴏᴛɪᴠᴇ ᴀɴᴅ sʜᴀʀɪɴɢ ᴏғ ᴘʀᴏғɪᴛ
⑤ᴘʀɪɴᴄɪᴘᴀʟ ᴀɢᴇɴᴛ ʀᴇʟᴀᴛɪᴏɴsʜɪᴘ
ʜᴏᴘᴇ ᴛʜɪs ᴍᴀʏ ʜᴇʟᴘ ʏᴏᴜ!
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As an ownership form of business, partnership offers the following advantages:
Easy Formation:More Capital Available:Combined Talent, Judgement and Skill:Diffusion of Risk:Flexibility:Tax Advantage:Unlimited Liability:Divided Authority:
Easy Formation:More Capital Available:Combined Talent, Judgement and Skill:Diffusion of Risk:Flexibility:Tax Advantage:Unlimited Liability:Divided Authority:
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