Question

Sneha after her course in designing started taking jobs for designing logo, wedding cards.

pamphlets, advertisements etc. Her work became quite popular and she had continuous

orders. She decided to have a separate office with some staff to help her. She was suggested

by her father to have a business organization and run it properly.

(a) Her business was constantly growing and she was facing problems with handling all

orders and finishing them on time. Her friend Pooja, who was also a designer, proposed

to join her as a business partner. Sneha was confused whether to continue her business

as a sole trader or convert it into a partnership firm. As a true friend of Sneha, you are

required to suggest the advantages and disadvantages of a partnership business. (two

each)

(b) Sneha and Pooja decide to form a partnership firm and do the business together. Suggest

them on the following issues with proper reasons.

() What kind of liability will they have and how will it affect them?

() How is 'Particular Partnership' different from 'Partnership at Will ?

(11) s it necessary for them to have an agreement and register their firm?​

Answer 1

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Answer 2

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