After reading this article you will learn about the rights and duties of partners. Rights of Partners: The rights of partners are given below: 1. Every partner has the right to participate in the conduct and management of the business. 2. Every partner has the right to have access to and to inspect and copy any of the books of [...]
After reading this article you will learn about the mode of dissolution of partnership firm and settlement of accounts thereof. According to Section 39 of the Partnership Act, 1932, "The dissolution of partnership between all the partners of a firm is called dissolution of the firm." The Indian Partnership Act, 1932 recognises the difference between 'dissolution of partnership' and 'dissolution [...]
After reading this article you will learn about the advantages and disadvantages of partnership form of organisation. Advantages of Partnership: The partnership form of organisation is most suitable when the size of business is medium and, thus the capital can be contributed to meet its needs by the partners themselves. The following are the advantages of partnership form of organisation: [...]