Partnership||In||Business ✌👍

in Project HOPE9 months ago

Hello my all dear ❤ friends today i want to tell you a very common and knowledgeable topic that was Partnership..We all know that in which thing we do partnership..it was only one thing"Business"
So let's begin 😉😉..

WHAT IS PARTNERSHIP?

  • The relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.
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ADVANTAGES OF PARTNERSHIP

  • I was easy to form.
  • It can be started by a mutual consult between two peoples.
  • It helps in balanced decision making.
  • It allows division of work on the basis of each partner's areas of expertise.
  • It raises more funds.
  • As all partner's invests.
  • It reduces the risk of single person.
  • All partners bear the risk.
    It is always better to share responsibility,it reduces the burden but many times it may lead to confusion and non-performance.Partnership business on one hand allows sharing but on the other hand,it also brings its conflict and difference of opinions.

LIMITATIONS OF PLANNING

  • Liability of each partner is unlimited.
  • There are limited resources.
  • All partners shares responsibility
  • But sometimes it leads to conflicts
  • As they all are from different background.
  • Sometimes there was a risk of mutual understanding.
  • There will be a lack of continuity.
    Now i want to tell you that how you can start your partnership in registered way and legal way..

PARTNERSHIP DEED

  • The terms and conditions mutually agreed amongst all partners is called as Partnership Agreement/Deed.

What a partnership deed generally includes?

  • Name of firm.
  • Nature of business.
  • Location of business.
  • Duration of business.
  • Investment made by each partner.
  • Ratio of profit sharing.
  • Salaries and withdrawal.
  • Terms and conditions.
  • Method of solving disputes.
    So i want to ask a question with all of you..

Which business is good?

Partnership...or....single person running business.
Give your answers in comment section 👇..
GIVE THUMBS UP👍👍
GIVE YOUR LOVE AND SUPPORT❤❤
GIVE YOUR FEEDBACK❤❤

Yours truly @anmolsingh3006
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These are definitely based on trust issues❤
Good to see your contribution❤

Thanks brother ❤..it was really appreciated ❤