Tuesday, May 28, 2013

A partnership is a business organization where there are two or more people and they work to make profit as well as share the profit and loss.

Straub & Attner said, "a partnership is an association of two or more people who are co-workers of a business for profit".

In this form of business, the main facility is to share if the business makes loss. That means here there are few or no risk to lose all.

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