Merits of partnership business

khushal By khushal, 20th Oct 2014 | Follow this author | RSS Feed
Posted in Wikinut>Business>Accounting & Finance

it is a simple process.
two or more person are included in partnership business.

Merits of partnership business

The important merits of partnership business are as follows
1 it is a simple process.
2 two or more person are included in partnership business.
3 It is registered under partnership Act, 1932
4 The capital introduced in business is deposited by all partners.
5 The liabilities of partners are unlimited.
6 The principle “Two heads are always better than one”, is applied.
7 it is very flexible.

Co operative society
A co operative society is purely a voluntary association of individuals belonging to a homogeneous group. Some definition of cooperative society are as follows

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author avatar khushal
i am working of business department and i am perfect in business

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author avatar viewgreen
20th Oct 2014 (#)

Very informative article.

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author avatar Fern Mc Costigan
21st Oct 2014 (#)

Interesting piece!

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author avatar khushal
21st Oct 2014 (#)

thanks

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author avatar tafmona
21st Oct 2014 (#)

a nice one for business folks

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