Partnership Business
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Transcript of Partnership Business
![Page 1: Partnership Business](https://reader036.fdocuments.in/reader036/viewer/2022062823/58798ec01a28ab95318b5429/html5/thumbnails/1.jpg)
Welcome To Our
PRESENTATION
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We Are
Curious 6
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OUR GROUP MEMBERS ARE
Name ID Intake
Emdadul Haq 14151101103 35
Md Mazharul Islam 14151101115 35
Syed Zahirul Amin 14151101101 35
Ashiqur Rahman 14151101128 35
Anawrul Islam 14151101127 35
Sayed Ofiquzzaman 11121101096 26
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Our Topic Is
Partnership Business
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Definition
“Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.”
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Characteristics Voluntary Agreement Sharing of Profits of a Business Mutual Agency Unlimited Liability Restriction on Transfer of Shares Lawful Business
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Who can be a Partner
A person Minor Persons of unsound mind Woman Company An alien enemy
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Classes of Partners
Active partner Sleeping or dormant partner Nominal or ostensible partner: Partner by estoppel or holding out Partner in profits only Minor as a partner Other partners
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Duties of Partners
To carry on the business of with sincerity. To observe utmost good faith. To render true accounts & information. To indemnify the firm. Not to hold the property of the firm. Not to make secrete profits. Not to transfer interest. To act within the scope of the authority. To share losses. Not to receive any remuneration.
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Rights of Partners
Right to take part in management. Right to express opinion. Right to take out copies & inspect the books of account. Right to share profits. Right to have interest on capital. Right to have interest on advances. Right to be indemnified. Right to preventing the entry of new partner. Right to retirement. Right to dissolve. Right to carry on competitive business.
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Desolation Of A firm
By agreement By notice On the happening of certain contingencies Compulsory dissolution Dissolution by court
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Thank You
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The End
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Prepared By
Emdadul Haq Milon Bangladesh University of Business & Technology (BUBT)Department of BBAIntake : 35th