What is partnership business? (What is partnership business?)

Answer: A business carried on by two or more persons voluntarily entering into an agreement for profit is called a partnership business.

2. What is the basic basis of partnership business?

Answer: The basic foundation of partnership business is contract.

3. How many years of law in Bangladesh is the partnership business conducted?

Answer: 1932.

4. What is the number of members in a partnership business?

Answer: General partnership business has 2 to 20 members. And in case of banking partnership, the number of members can be 2 to 10 people.

5. What is a sleeping partner? (What is called sleeping partner?)

Answer: A partner who contributes capital to the business and enjoys profits and losses but does not actively participate in the management of the business is called a sleeping partner.

6. What is the competence of the partners to execute the contract?

Answer: Any adult person except minor, insolvent, lunatic and mentally deranged person is eligible to become a partner. 7. What is a general partner?

Answer: A partner who actively participates in the management and operation of the organization is general or active

says partner.

8. What is Partnership Business Registration?

Answer: Enrollment of the name of the partnership business in the books kept with the Registrar of Partnership Business is called registration of partnership business.

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