Question

What is the meaning of Partnership organization?

Solution

A Partnership organization is one that is formed through an agreement between two or more partners, with an objective to achieve profitability of business carried on jointly by all or anyone of them acting for all.

Some More Questions From Forms of Business Organization Chapter

What do you understand by a Private Company?

What do you understand by a Public Company?

Under what circumstances, is a partnership form of business organisation suitable ?

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Forms Of Business Organization

What is the meaning of Partnership organization?

Some More Questions From Forms of Business Organization Chapter

What do you understand by a Private Company?

What do you understand by a Public Company?

Under what circumstances, is a partnership form of business organisation suitable ?

Write a short note on 'implied agency', one of the important characteristics of partnership and also true test of partnership.

Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?

Explain whether the liability of a sole proprietorship is limited to the extent of his share in business.

Only the Karta has unlimited liability in HUF. Explain.

Define 'Partner by Holding Out'.

Explain how the company is an artificial person.

Discuss whether a company's existence is affected by the death of a member.

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