Partnership – Its Nature, Purposes and Causes of Dissolution.

Partnership – Its Nature, Purposes and Causes of Dissolution.

Partnership – When a number of individual carry on a business is referred to as a partnership business. The law regulating the establishment and operations of partnership businesses is codified in the partnership Act, a partnership is defined as the relationship which subsists between persons carrying on a business in common with a view of profit section 1 (2) of the Act excludes the relation between numbers of any company or association which is registered as a company under the companies Act or any other Act of parliament relating to the registration of joint Stock Companies. [Read more…]