he partnership form of organization a. Avoids the double taxation of earnings and dividends found in the corporate form of organization b. Usually provides limited liability to the partners c. Has unlimited life d. Simplifies decision making
he partnership form of organization a. Avoids the double taxation of earnings and dividends found in the corporate form of organization b. Usually provides limited liability to the partners c. Has unlimited life d. Simplifies decision making
he partnership form of organization a. Avoids the double taxation of earnings and dividends found in the corporate form of organization b. Usually provides limited liability to the partners c. Has unlimited life d. Simplifies decision making
a. Avoids the double taxation of earnings and dividends found in the corporate form of organization
b. Usually provides limited liability to the partners
c. Has unlimited life
d. Simplifies decision making
Definition Definition Arrangement between two or more people whereby they agree to manage business operations and share its profits and losses in an agreed ratio. The agreement drafted and signed by the partners of the firm is termed as a partnership deed and contains various important clauses agreed between the partners such as profit/loss sharing, interest on capital, remuneration allocation of each partner, and drawings of a partner.
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