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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 carried on by all or any of them acting for all".
What else can I help you with?
Can a partnership be a shareholder in company?
No a partnership cannot be a share holder in a company
What are some examples of a partnership company?
Partnership is an arrangement where parties agree to cooperate. The most common example of a partnership company is Facebook and Skype.
What is the conversion process from an accounting perspective when converting a partnership to a company structure?
a partnership converts to a company structure
Is zara the company a partnership?
no its is no its is not married
Can I later convert my Partnership firm into a Company or LLP?
Yes, there are procedures for converting a Partnership business into a Company or a LLP at a later date. However, the procedures to convert a Partnership firm into a Company or LLP are cumbersome, expensive and time-consuming. Therefore, it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Partnership firm.
Is a partnership a company?
A partnership is a company started by two or more people. Partnerships are good because you can work through the problems with someone else.
True test of partnership in company law?
what is true test of partnership feturse
Distinguish between partnership and company?
A partnership deal signed between two parties can be called a company. Yeah. Partnership can be called Company. First, because company means associates, a group of persons,etc. While the meaning of Partnership is, a group of two or more persons bind themselves to contribute money,property, or service. Simply means, they associates.. :)
What is a example of a partnership company?
Mc donald
What is the difference between company and patnership?
A company and a partnership are things that will often go together, but are not related. A company is something such as Microsoft, and a partnership would refer to two or more people that have a business relationship within the company.
Can we discuss the main differences between partnership and a company?
a partnership can have a minimum number of two partnesrs or the maximum twenty five. and the company more than 20.
What does 'LP' mean when referring to a company?
Limited Partnership. It's a legal entity that is somewhere between a Partnership and a corporation. A limited partner cannot be held responsible for more company debt than his equity in the company. If you buy shares in a limited partnership, you may lose all of your investment, but the partnership's creditors cannot take you home and other assets.
