By: Haneef Hameed
Abdullah Aman
Fawad Azeem
Noman Khan
Zubair Gohar
Sheryar baloch
Saim Khan
A partnership is a voluntary
association of two or more
persons to contribute
money, property, time and
skill to carry on...
 Legal Entity
 Agreement
 Number Of
Partners
 Existence of
business
 Sharing Of
Profits
 Capital
 Utmost Faith
 Ma...
ADVANTAGES
 Easy Formation
 Better
Management
 More Participation
 Skilled Employees
 Public Relation
 Business secr...
 Unlimited
Liability
 Risk Of
Dissolution
 Possibility Of
Disagreement
 No Transfer Of
Ownership
 Lack Of Authorit
 ...
 Active partner
 Sleeping partner
 Nominal partner
 Senior partner
 Junior partner
 Partners in profit only
 Secret...
 Right to take part
in business
 Right to express
opinion
 Right to inspect
books
 Right to share
profits
 Right to i...
 Duty to carry on
business
 Duty to be just
and faithful
 Duty to render
accounts
 Duty to provide
information
 Duty ...
B.law
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B.law

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ppt on partnership

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B.law

  1. 1. By: Haneef Hameed Abdullah Aman Fawad Azeem Noman Khan Zubair Gohar Sheryar baloch Saim Khan
  2. 2. A partnership is a voluntary association of two or more persons to contribute money, property, time and skill to carry on business for profit and losses.
  3. 3.  Legal Entity  Agreement  Number Of Partners  Existence of business  Sharing Of Profits  Capital  Utmost Faith  Management  Control  Transfer Of Ownership  Duration
  4. 4. ADVANTAGES  Easy Formation  Better Management  More Participation  Skilled Employees  Public Relation  Business secrets  Spirit Of Cooperation  Personal supervision  Easy Dissolution  Flexibility
  5. 5.  Unlimited Liability  Risk Of Dissolution  Possibility Of Disagreement  No Transfer Of Ownership  Lack Of Authorit  Lack of harmony  Lack Of Secrecy  Loss of opportunity  Possibility of fraud
  6. 6.  Active partner  Sleeping partner  Nominal partner  Senior partner  Junior partner  Partners in profit only  Secret partner  Minor partner
  7. 7.  Right to take part in business  Right to express opinion  Right to inspect books  Right to share profits  Right to interest on advances  Right to act in emergency  Right to give consent  Right to retire  Right to enforce
  8. 8.  Duty to carry on business  Duty to be just and faithful  Duty to render accounts  Duty to provide information  Duty to attend diligently  Duty to share losses  Duty not to transfer right  Duty to use firm’s property for firm

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