What is partnership?
An example of partnership is like John Lewis and some of the major world accountancy firms where there are hundreds of partners. A partner is normally set up using a Deed of partnership.
Advantage & Disadvantages Of Partnership
- Easy to create and maintain , no state information documents
- Management Flexibility (may designate managing partner)
- If a person is working alone then this is not a thing to be called partnership because there working own there own