Partnerships - types of business organisations, Finance Basics

Partnerships - Types of Business Organisations

Defination

"The relationship, that exists with persons carrying on a business in common by a view of profit."

Formation of a partnership

  1. In writing Agreement.
  2. Actions of the person related to
  3. Orally
  4. Via a deed that is an agreement under seal.

Note

In case the partners want to run their business under a name that does not disclose true surname of all partners, which a firm must be registered within the registration of Business Names Act.

Posted Date: 1/29/2013 2:13:04 AM | Location : United States







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