Duties of a Partner in Partnership The following are some of the important duties of partners in a partnership. To observe good faith. To Indemnify for Loss. To
Types of Partners in a Business Partnership Partners are of different kinds in a business partnership. They are as working partner, sleeping partner, nominal partner, partner by estoppel,
What are the Rights of Partners on dissolution of Partnership? On the dissolution of partnership, a partner has the following rights. Right to an equitable lien Right to
Differences between a Company and Partnership The special features of a joint stock company can be well understood if we compare the features of a company form of
Rights of Partners in a Business Partnership 1. Right to Take Part in the Conduct of the Business Sec. 12(a) stipulates that each partner in a business partnership
Sole proprietorship suffers from limited resources, hasty decisions and temporary existence etc. As remedy, partnership emerged as a form of business organization. Partnership as such is an agreement
Differences between Partnership Firm and Joint Stock Company The following are some of the differences between a Partnership firm and Joint Stock Company. 1. Minimum No. of Members
Partnership and Co-ownership are two different segments in a business which should not be misunderstood. The earlier article on essential features for formation of partnership explains in detail