Partnership Firm
The partnership is a form of business organization which has evolved to overcome the shortcomings of the sole proprietor. Therefore, two or more than two persons form a partnership to carry on business by pooling their financial resources and managerial skills.
- According to Lewis H. Haney, “Partnership is the relation between persons competent to make contract who agreed to carry on a lawful business in common with a view of private gain”
Partnership Firm – Content
- Concept of partnership firm and partners
- Characteristics of the partnership firm
- Difference between sole trading and partnership
- Merits and demerits of partnership firm
- Types of partners and partnership
- Rights and duties of partners
- Partnerhip deed: Meaning and contents
- Registration and renewal of partnership firm in Nepal
- Dissolution of partnership firm in Nepal