Author name: javedhassanbatooq

Disadvantages of Company Company has following disadvantages: 1) Lack of Personal Interest: The owner of the company are shareholders but […]

Advantages of Company: 1) Separate Legal Entity: Company is an artificial person which has its legal existence in the eyes

Definition of Company: Company is another form of business ownership. It consists of large capital which is divided into shares

Dissolution of Partnership Firm: The dissolution of the partnership among all the partners of a firm is called the “Dissolution

Reconstruction or Dissolution of Partnership Following are the conditions in which a partnership stands dissolved: Admission of a Partner Retirement

Disadvantages or Demerits of Partnership: A partnership suffers from certain disadvantages also. They are as follows: 1) Uncertain Existence: Partnership

Advantages or Merits of Partnership: As a form of business organization, partnership claims the following advantages: 1) Ease of Formation:

Registration of Partnership Firm: Registration is Optional: Registration of partnership firm is not necessary. According to Partnership Act, 1932, if

Liabilities of Partners: The liabilities of the partners to the outsiders may be summed up as follows: Every partner is

Duties of Partners: The following are the main duties of the partners: Diligent and honest: Every partner must act diligently