After reading this article you will learn about:- 1. Meaning of Partnership Deed 2. Contents of a Partnership Deed 3. Rules to be Followed in the Absence of a Partnership Deed. Meaning of Partnership Deed: The partnership comes in existence by an agreement. The agreement may be written or oral. But it is advisable that a Partnership Agreement or Partnership [...]
After reading this article you will learn about the procedure for registration of partnership and effects of its non-registration. Registration of Partnership Firm: The registration of the partnership firm is not compulsory but it should be registered with the Registrar of Firms soon after its formation. Because an unregistered firm cannot sue outsiders although outsiders can sue the firm. Procedure [...]
The factors listed below illustrate how a sole proprietor will be successful against large entrepreneur. 1. Normally, a business is stated as one-man venture, because of the many advantages it offers. As the proprietor makes a success of it and is faced with the problem of expansion, he resorts to the formation of the company. If his capital needs are [...]