Write some features of Partnership?
Answers
Answered by
0
The key features of a partnership are (subject to any variations set out in a partnership agreement between the partners): Share of risk and rewards – all individuals share the risks and rewards of the business. Share of profits – each partner is entitled to share the net profits of the business.
Answered by
0
Answer:
The main features of partnership firm are as follows:
Two or More Persons: There must be at least two persons to form a partnership. ...
Agreement: ...
Lawful Business: ...
Sharing of Profits: ...
Mutual Agency (i.e., Principal Agent Relationship): ...
No Separate Legal Existence: ...
Unlimited Liability:
Similar questions