Results for: Partnership

What is a partnership?

Indian partnership act of 1932. Sec-4 of this act defines partnership as "A relationship between persons who have agreed to share their profits and losses of a business carrie (MORE)

How do the articles of partnership affect the partnership?

  Answer   A Partnership Agreement (actual name of the document) dictates how the company is controlled, who has what powers, how the earnings / profits / capital is (MORE)

What is a business partnership?

Two people (or more) forming a company on equal terms is a business partnership. 2 or more persons bind themselves to contribute money, property, or industry to a common fun (MORE)

What is a dormant partnership?

A partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses