When a partnership firm is said to be incorporated?
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When partnership is registered under companies act 2013 or any other previous act., then partnership firm said. to be a incorporated.
Partnership is a private business where two or more persons working together to earn profits...
The persons working under partnership are called partners..
The liability of all partners are unlimited under partnership
Partnership is a private business where two or more persons working together to earn profits...
The persons working under partnership are called partners..
The liability of all partners are unlimited under partnership
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Heya user ✨✨
Partnership refers to that form of Organisation in which two or more than two person willingly join and agree to run some lawful business .
➡️A partnership firm is said to be incorporated when it is not registered under Partnership act,1932.
>No partners can take any legal action against any other partner .
>No partner can initiate proceeding against the form in order to get his rights .
>firm,too cannot start proceeding against any partner .
>Firm cannot proceed against other parties, while the other parties can proceed against the firm .
Partnership refers to that form of Organisation in which two or more than two person willingly join and agree to run some lawful business .
➡️A partnership firm is said to be incorporated when it is not registered under Partnership act,1932.
>No partners can take any legal action against any other partner .
>No partner can initiate proceeding against the form in order to get his rights .
>firm,too cannot start proceeding against any partner .
>Firm cannot proceed against other parties, while the other parties can proceed against the firm .
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