meaning
This query is : Resolved
07 January 2011
Respected Sir,
Please explain or give meaning in simple words for partnership firm
Unlimited liability is major disadvantage - The major disadvantage of partnership is the unlimited liability of partners for the debts and liabilities of the firm.
Please explain or give meaning in simple words for partnership firm
Unlimited liability is major disadvantage - The major disadvantage of partnership is the unlimited liability of partners for the debts and liabilities of the firm.
09 January 2011
A partnership is an arrangement where entities and/or individuals agree to cooperate to advance their interests. In the most frequent instance, a partnership is formed between one or more businesses in which partners (owners) co-labor to achieve and share profits or losses.
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