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 

1. Concept of partnership firm and partners
2. Characteristics of the partnership firm
3. Difference between sole trading and partnership
4. Merits and demerits of partnership firm
5. Types of partners and partnership
6. Rights and duties of partners
7. Partnerhip deed: Meaning and contents
8. Registration and renewal of partnership firm in Nepal
9. Dissolution of partnership firm in Nepal