Where a number of individual forms an organization known as company within the Companies Act, then it is a company. The individuals in this respect are known as shareholders and by their joint contribution the capital of the firm is formed, so are the name joint stock company. Company names a company formed and registered […]
Business Ownership
What is Contract of Partnership? Contents of a Partnership Deed
What is Contract of Partnership What is Contract of partnership or, Contents of a Partnership Deed or, Duties of a Partner is The Agreement among partner is known as partnership contract. The written agreement the among the partners is known as the partnership deed or the articles of partnership business status on contract or deed. […]
Advantages And Disadvantages of Partnership Business
Advantages of Partnership Business Disadvantages of Partnership Business is Partnership business has certain advantages over and above proprietorship business. These advantages are as follows: Advantages of Partnership Business Joint ownership and more strength: Partnership business is a form of joint ownership of several persons and possesses more financial and managerial strengths than proprietorship business. Combination […]
What is Partnership Business? Characteristic of Partnership Business
What is Partnership Business and Characteristic of Partnership Business is Different forms of business have evolved gradually. Partnership may be called a secondary development after proprietorship. When two or more persons develop a contractual relationship between or among them for doing certain types of business, it is called a partnership business. To cope with limitation […]
Cause’s of Survival of sole proprietorship Business
Cause’s of Survival of sole proprietorship Business is Some typical disadvantages are associated with sole proprietorship business. Yet this type of business is prevailing at every nook and corner of the world. Some absolute advantages or unique causes provide the foundation of survival and expansion of the sole proprietorship business. Sole proprietorship are the most […]
Advantages and Disadvantages of Sole Proprietorship Business
Advantages and Disadvantages of Sole Proprietorship or, Advantages of Sole Proprietorship Business is Business Single or sole proprietorship business possesses a number of advantages, which are as follows- Advantages of Sole Proprietorship Business Easy formation: Any person or individual can easily open a proprietorship business. No legal formalities are needed to be carried out. Adequacy […]