KINDS OF PARTNERSHIP FIRM

  TYPES OF PARTNERSHIP FIRMS 1.  PARTNERSHIP AT WILL 2.PARTICULAR PARTNERSHIP 3.JOINT VENTURE There can be two kinds of partnership firms, namely 1. A general partnership ,2. The limited partnership in the general firm, all partners have unlimited liability. Partnership as will, particular partnership and joint ventures are the examples of general partnership but in the limited firm, […]

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LEGAL FORMS OF ORGANISATION

PARTNERSHIP The limitation and deficiency of a sole trader are that lack of limited financial resources, limited managerial skills and concentrated risk led to the emergence of partnership as a form of organisation. When two or more persons join together in business with common ownership and management under an agreement, it is known as a PARTNERSHIP. PARTNERSHIP MEANS […]

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SETTING UP A NEW BUSINESS ENTERPRISE

   BEGINNING   NEW BUSINESS VENTURE  Starting a new business enterprise is not an easy job to do. It is a job as complex as difficult as the birth of a  newborn boy. The entrepreneurs have to act both as a mother and a midwife. It is an entrepreneur who conceives the business idea, faces various difficulties in creating a new […]

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