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Education and Career Forum
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| 6th April 2015 09:27 PM | ||
| varam09 |
Re: What does Partnership firm mean? Quote:
The persons who own the business are individually called partners and collectively called partnership firm. |
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| 4th April 2015 07:09 PM | ||
| Blessmegod |
Re: What does Partnership firm mean? Partnership Firm is a type of firm in which two or more persons who have a common business plan invest capital to run a business organization. The profit earned from the organization is shared in ratio of capital invested. Similarly loss is also shared. As per Indian Partnership act, a legal document is signed between the partners. |
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| 4th April 2015 12:08 AM | ||
| secret29 |
Re: What does Partnership firm mean? A partnership firm is a firm in which the shares of the company do not belongs to any single person but belong to more than one or two. Whenever a businessman think to open a firm then he should have a good amount of money to open it an in order to to achieve this target he takes the help of other in form of money. This kind of firm where the share holder is more than a single person is known as partnership firm.In this type of firm the profit as well as loss both are equally share among the partners of the company. |
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| 1st April 2015 12:38 AM | ||
| avinash1997 |
Re: What does Partnership firm mean? In simple words, Parntership is defined as the form of business organization in which two or more individuals agree to start a business and share the profits of business as per the partnership deed. Partnership deed is a legal document signed between individuals who agree to enter and run business firms or organization. Parnters share the profits as per their investment which is mentioned in the Partnership Deed. |
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| 22nd March 2015 10:21 AM | ||
| rahul k |
Re: What does Partnership firm mean? Quote:
Partnership means relation between two or more individuals who agree to share the business profits. Simply you can say that "partnership is a business entity having two or more owners." OR A partnership firm is an organization which is formed with two or more persons to carried a business with a view to earn profit in future. OR According to section 4 of the Partnership Act of 1932, "Partnership is defined as the relation between two or more persons who have agreed to share the profits of a business carried by all or any one of them acting for all". Note: If partnership business are individually known as the "partners" and collectively as a "firm." Minimum number of partner in partnership firm must be two. Any two Persons who invest some money to run a business collectively called partnership firm. Each member of the organization called "partner", and collectively called "Firm." In partnership firm, it is not necessary that the partners will share profits equally. All the profits and losses are shared by the partners in agreed ratio or the capital invested by them. |
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| 24th February 2015 11:34 AM | ||
| Aish tuba |
What does Partnership firm mean? What do you mean by partnership firms? |
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