FORMS OF BUSINESS ORGANIZATION
BUSSINESS LAW

FORMS OF BUSINESS ORGANIZATION | ADVANTAGES & DISADVANTAGES

What are common forms of business organization? A private enterprise economy the firm is the agency that executes the orders of the consumers. It is a voluntary association of resource owners organized for the purpose of making profits by producing for sale economic goods and services. The firm sells to individuals, to other firms, and […]

FIRM REGISTRATION
BUSSINESS LAW

FIRM REGISTRATION | ADVANTAGES | PROCEDURE FOR REGISTRATION

What is Firm Registration? According to The Partnership Act 1932, the registration of the partnership firm is not compulsory but is optional. Therefore, whenever two or more persons agree they can start any legal business in the shape of the partnership without getting the firm registered. But according to section 69 of the Partnership Act. […]

ADVANTAGES AND DISADVANTAGES OF PARTNERSHIP
BUSSINESS LAW

ADVANTAGES AND DISADVANTAGES OF PARTNERSHIP BUSINESS

What are Advantages and Disadvantages of Partnership? According to English Act, Partnership is a relation which subsists between persons carrying on business in common with a view of profit. So we can say that partnership is a relationship between two or more persons who have agreed to contribute their capitals, combine their labor or skill […]

CO-OWNERSHIP
BUSSINESS LAW

CO-OWNERSHIP | DIFFERENCE BETWEEN CO-OWNERSHIP AND PARTNERSHIP

What is CO-Ownership? Generally, the liability of the firm is unlimited but it is clearly stated whether there is any partner whose liability will be limited up to a certain amount. When two or more persons own the same property then they are known as Co-owners and such relationship is said to be a co-ownership. […]

PARTNERSHIP DEED
BUSSINESS LAW

PARTNERSHIP DEED | MAIN FEATURES OF PARTNERSHIP AGREEMENT (DEED)

What is Partnership Deed? According to the Partnership Act, the Partnership Deed is necessary for the formation of the partnership. This partnership deed may be written, oral or implied, but a written agreement is better than oral or implied agreement. This partnership deed contains all the terms and conditions regarding management and organization of the […]