what are parterns collectively called
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Persons who have entered into partnership with one another are called individually, ''Partners " and collectively "a firm",and the name under which their business is carried on is called the "Firm-name ". it will help you . all the best follow me please.
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Explanation:
A partnership is defined as the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. The law does not require written partnership agreement between the partners to form a partnership.
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