what do you mean by partners? what are the features of partners?
Answers
Thus, partnership is said to be an extension of sole proprietorship. ... Partnership is an association of two or more persons who have mutually decided to carry out business activities jointly and share its profits as well as losses. The partnership agreement may be written or oral.
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Answer:
A person who shares or is associated with another in some action or endeavor; sharer; associate. Law. a person associated with another or others as a principal or a contributor of capital in a business or a joint venture, usually sharing its risks and profits.
Features of Partnership Firm – Agreement, Number of Partners, Lawful Business, Profit Sharing, Principal-Agent Relationship, Unlimited Liability and a Few Others.
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