BUSINESS LAW

Partnership



Partnership

Introduction

A Partnership is an association of two or more individuals carrying on business jointly for the purpose of making profits. Carrying a business jointly, means the two or more individuals shares responsibilities and decisions that favors or affects the company. \

Thesis Statement

The partnership allows the execution of business simple and easy.

Discussion

The following discussion describes how the execution of business becomes simple and easy with the formation of partnership.

For an individual to open up a firm, the partners should not be more than twenty (20) and not less than two (2) members respectively. A partnership is a voluntary association; therefore ...