Author name: javedhassanbatooq

Rights of Partners: According to Partnership Act 1932 , the rights of the partners shall be the following: Right to […]

Kinds of Partners: The partners of the firm can be classified into the following three types: General Partners Special Partners

Partnership Agreement / Deed: Partnership is the result of an agreement between persons to share the profits and the losses

Definition of Partnership Due to the expansion in the need of capital and managerial ability, sole proprietorship proved to be

Suitability of Sole-Proprietorship A sole proprietorship is the most basic and widely used form of business organization. It is especially

Demerits or Disadvantages of Sole-Proprietorship A sole proprietorship suffers from the following disadvantages: 1) Unlimited Liability: The most important drawback

Merits or Advantages of Sole-Proprietorship The advantage of sole proprietorship concerns are following: 1) Ease of Formation: The excellent advantage

DEFINITION:SOLE PROPRIETORSHIP “Sole proprietorship is that form of business organization which is owned and controlled by a single person who

Essential Elements for Establishing a New Business / Problems before Starting a New Business/Fundamental Factors For Commencement of a New

Differences between Economics and Business S.no