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Explain of terms and condition of …

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Explain of terms and condition of partnership firm?
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Pranav Kumar 5 years, 6 months ago

☆The terms and condition of partnership firm: In a partnership at list 2 members should be there and the maximum number of members is 50 and it should be authorised by the company act of 2013 then it will be called a legal partnership.The members of the partnership business will share all the profit as well as losses, gets commission, and salary to those partners who works for the company and its not necessary that each partners should work. some partners are there who invest money and gets profit/losses and commission but they didn't work for the partnership business so they didn't gets the salary.
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