mega firm contains how many minimum partners in partnership firm
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The answer is two.
Irrespective of the type of firm, the minimum number of partners in a partnership is two. This is because the term partnership refers to an agreement. For this, at least two people should be involved.
While Partnership Act has no restriction on the maximum number of partners for a business, Companies Act, 2013 Section 464 seals this limit at 50.
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"The minimum number of partnership can be 2.
According to the companies act, 2013 maximum number of partners in any company can be 50.
In partnership 2 or more than two parties sign the mutual consent for the fullfilment of same interests. for eg.
government organisations, school or non-profit making organisations.
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