Question

write about partnerships 's features.....

Answer 1

Hello Mortals

Here are some features :-

>> More than two persons and maximum 50 persons make partnership firm.

>> It provides some ( enough) managerial skill to business.

>> Capital contribution by different members enables it to be a medium size business.

>> Profit share according to the capital contributed ( sometimes on basics of other things also)

>> Formed by the Indian Partnership Act.

>> No need of registration. But members prefers it fue to some of the benefits ( partnership deed).

>> Quich decisions taking.

>> Non transferibility of shares.

>> Liabilitiy is limited.

>> No seperate legal entity.

Answer 2

Easy Formation: ...
More Capital Available: ...
Combined Talent, Judgement and Skill: ...
Diffusion of Risk: ...
Flexibility: ...
Tax Advantage: ...
Unlimited Liability: ...
Divided Authority: