Partnership

What is a Nominal Partner in Partnership?

What is a Nominal Partner in Partnership

Definition of Nominal Partner The Nominal Partner is an individual who is not a part-owner and not actively involved in the firm’s operations. They are often well-known figures who lend their name to the company for a fee. Who is the Nominal Partner in the Partnership? A nominal partner lends …

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What is the Pros and Cons of a Partnership?

What is the Pros and Cons of a Partnership

Introduction  When we look up the pros and cons of a partnership, we should also know that it is an easy way to form new business and run any existing business. A partnership is one type of document between two or more than one person. Here in partnership, the agreed …

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Is registration of a Partnership Firm Compulsory in India?

Is registration of a Partnership Firm Compulsory in India

(1) Introduction: Many business concepts are available worldwide, for example, private limited company, public limited company, Limited liability partnership (LLP.), proprietor, Partnership, etc. Among them, managing a business through the Partnership is an easy, simple, and popular way. Generally, the Partnership means refers to two or more partners, who can …

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