Partnerships are built on trust, fairness, and mutual confidence. Every partner acts as both an owner and an agent of the firm, which means they owe legal and ethical duties to one another. These duties ensure smooth functioning, protect the … [Read more...] about Duties and Responsibilities of Partners in a Partnership Firm
Partnership firm
Characteristics of Partnership: A Practical Business Guide
Quick Answer: A partnership is a flexible business structure where two or more individuals jointly own, manage, and share profits from a business. It works best for small to medium-sized ventures where trust, shared responsibility, and combined … [Read more...] about Characteristics of Partnership: A Practical Business Guide