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Most essential contents of a Partnership Agreement or Deed  registered in India. The partnership deed is indispensible for partnership business. It is a document containing all the matters according to which mutual…

What are the main duties of a partner in Partnership form of business in India?  The first foremost duty of a partner is to carry on the business of the partnership enterprise in the maximum advantage of all the partners and the partnership enterprise.  

What are the Rights of a Partner in Partnership form of business in India? Subject to a contract between partners, the following are the main rights of a partner of a partnership enterprise.

What are the different kinds of partners allowed in India as per our Partnership Act? The following are the various kinds of partners.  1. General partners 2. Special partners3. Others partners

What are the different types of Partnership firms you can open in India? Partnership firms are of two type’s viz., General Partnership and Limited Partnership. These are explained as under.

What are the essentials of an Ideal Partnership? Partnership is a form of business organization which encourages combination of resources and talents of several persons called partners for common and mutual profit.

A partnership type of organization suffers from certain drawbacks also. These are as follows:

What are the ultimate advantages of Partnership form of business? A partnership can be easily formed without much formality. An agreement either verbal or written is required to form a partnership business. A partnership firm even need not be registered.

The objective of partnership must be to do some type of business. Business here means any activity leading to earn profit persons joining together….

Partnership, as a form of business enterprise, came into existence on account of the severe limitations of sole proprietorship. Sole trader is an advanced version of proprietorship.

As sole proprietorship form of business ensures the presence of a single person who acts in the capacity of owner, financer…

Sole proprietorship is a form of business organization where sole trader owns the entire business and is personally responsible for the…

One-Man Control sole proprietorship business is not always the  best. It is virtually impossible to find a man in this world who has not limitations or weaknesses. One man control is ineffective and suffers from a number of limitations such as:

Valid points to proof that One-Man Control sole proprietorship business is best. The danger is always present that he things he knows when really he does not know. And naturally there is not permanency in this kind of…

Which business are most suitable for Sole Proprietorship form of organization? Business where capital involvement is very small and managerial talent has hardly and effects on performance are best suited to this form of organization.

Despite many advantages discussed earlier, the sole trading form of business is not free from criticism. It suffers from both social and economical disadvantages as stated below.