Please enable JavaScript.
Coggle requires JavaScript to display documents.
PARTNERSHIP LAW WK 1 - Coggle Diagram
PARTNERSHIP LAW WK 1
BUSINESS FORM
-
2 or more people carry on a business, WITHOUT FORMING A COMPANY
-
-
-
DISADVANTAGES 4
-
LACK OF CONTINUITY
Affected by DEATH, INSANITY OR BANKRUPTCY of partners
-
LIMITATION ON NUMBERS
min 2, max 20, most 50 Sols, Accountants & Horse breeders
PARTNERSHIP ACT 1890
"Partnership is the relation which subsists between 2 persons carrying on business in common with a view of profit." s(1)
"through medium of company, excluded from being partners" s(1)2