what is partnership firm?
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Partnership is defined as the relation between two or more persons to run their business.
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Persons who have entered into partnership with one another to carry on a business are individually called “Partners“; collectively called as a “Partnership Firm”;
the name under which their business is carried on is called the “Firm Name” A partnership firm is not a separate legal entity distinct from its members.
the name under which their business is carried on is called the “Firm Name” A partnership firm is not a separate legal entity distinct from its members.
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