Partnership features merit demerits

It is also an important form of business organization. It is very popular in world economy but it is less popular in india. The organization that is established according to partnership act concern country to start a business carned on by either all of them or any of them on behalf of/ acting  for all. These type of organization is called partnership. According to indian partnership act 1932. The relation between two  or more persons who have agreed to share the profits from a business carried on by either all of them or any of them on behalf of / acting for all. This type of organization is called partnership. 
* Featers of partnership- There are many features of partnership . These are as below-
1. It is established according to an agreement.
2. It has unlimited liability.
3. It has also short life.
4. It has many  members.
5. It has mutul agency and understanding.
6. Its formation is also easy.
7. It takes collective desision.
8. It has more finance than sole propritorship.
9. Its servision on firm is perfect.
10. Its operation is flexible.
11. It maintains secrecy.
12. It protects interest of one another.
13. It cooperates one another.
* Demerit- 
1. It has unlimited liability.
2. It has also limited resourse.
3. It has less public trust

Comments

Post a Comment

4096

Popular posts from this blog

The rise of BJP by Bhupendra Yadav

Every year billions of people celebrate the birthday of many leaders in every part of the world but some birthdays we celebrate never forget because this leader's birthday inspires, influences, motivates, guides us to contribute our best to make the nation self-reliant The name of this leader is Shri Bhupendra Yadav. He is the most influential General Secretary of BJP. lawmaker, key Poll Manager,  world-class strategist modern Chanakya & Incharge of Bihar & Gujrat.  He was born on 30 June 1969 at Ajmer in Rajasthan. His father Shri Kadam Singh an employee of the Indian railway. His family was patriotic, renowned, noble not only in Rajasthan but also in India. His father is also a socialist leader who works with George Fadnarish. He received a Bachelor's degree and Bachelor of Laws degree from Government College Ajmer. He was the vice president of GCA College of Ajmer in the period of 1990 to 1991. His speaking style, logical talking is so good that he participated in h...
Read more

Narendra Modi world's 100 most influence People.

 The world is full of powerful and popular leaders. These leaders are Donald Trump, Xi Jinping, Vladimir Putin, Angela Merkel, Mohammed Bin Salman Al Saud, Emmanuel Macron, Thersa May, Benjamin Netanyahu, and Kim Jong-un, etc. Among all leaders, people believe and every survey shows that Narendra Modi is one of them that is the most powerful and popular leader of the world. According to American agency Morning, Consult over 75 percent of people approve that Narendra Modi is the most popular leader in the world.20 percent of people disapprove of it so the net approval rating is 55 percent. Morning Consult is a global company that was established in 2014. It is a data intelligence company. It belongs to the US. It carries our survey research at a global level continuously. It is one of the fastest-growing companies in America that organizes online surveys and research on many different issues. It has many offices in the U.S.A. These offices are situated in New York, Chicago, San Fran...
Read more

7 Biggest Achievement Of 7 Years Of Narendra Modi

 There are many policy, program, bills, rules, regulations, law National Democratic Alliance make under the leadership of Narendra Modi but according to my opinion all these seven achievements are the biggest achievements that change the life of common man, business man, entrepreneurs and Industrialists. These achievements are as below- 1.Goods and Services tax- It is the first and very important achievement of NDA government. It is launched on the midnight of 1 July 2017. It is an indirect tax that has implemented on the behalf of many indirect tax. These indirect tax are Sales tax, Value added tax, Service tax etc.  GST is charged most products and services that are sold or provided inside India. It has three slabs. It also covers E- business. It is information base tax system. It creates one nation one market concept. It makes India single unified market. It also minimises tax evasion. It makes transparant tax system. It also boost business and its concern function like pro...
Read more