Business Studies, asked by rifle9803, 1 year ago

Write some features of Partnership?

Answers

Answered by sbow
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 sunakat483
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:

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