Question

what do you mean by parenership

Answer 1

Heya mate..

In business when two or more people invest equal amount to start a business is known as partnership..

Hope it help u ❤️

Answer 2

Answer:

according to the section 4 of indian patnership act 1932 defines patnership as the relation between the persons who have agrred to share the profit of the business carried on by all or any of them acting for all..

Explanation:

1. no.of members  mini 2 max 10 for banking and 20 for non banking..

2. lawul business..

3.unlimited liability..

4.non transferability of interest..

5.mutual trust and confidence..