Business Studies, asked by Mohanreddyy1549, 1 year ago

types of five partnership firms

Answers

Answered by adityasuryavansh

sole proprietorship
hindu undivided family business
cooperative society
joint stock company
partnership

Answered by XxMissPaglixX

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$.Types of Partnerships1. General Partnership: Liability of partners is unlimited and they are collectivelyresponsible for the liabilities of the business.(a) Particular partnership-When partnership is started for certain work, it iscalled particular partnership.(b) Partnership at will-It continues upto the time the partners have faith ineach other, it can be dissolved at a notice by any partner.2. Limited Partnership: The liability of some partners is limited, while liabilityof some is unlimited. This form of partnership is not prevalent in India.3. Limited Liability Partnership : In this form of partnership, the liability ofpartners is limited to the unpaid amount on their shares. The concern has aseparate legal entity....$

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