SlideShare a Scribd company logo
Introduction To
Business
SUBMITTED BY : MD. MOUDUD-UR-RAHMAN
Partnership
 A partnership is an agreement in which two or more individuals share the
profits and liabilities of a business venture. Various arrangements are
possible : all partners might share liabilities and profits equally, or some
partners may have limited liability.
• Why would a new business venture choose
to operate as a partnership, and what
challenges would the partners face ?
 General Partnerships
 Partners co-own assets and share profits
 Each partner is individually liable for all debts and contracts of the
partnership
 Limited Partnerships
 Controlled by one or more general partners who have unlimited liability
Advantages of Partnerships
 Ease of formation
 Availability of capital
 Diversity of managerial expertise
 Relative freedom from government control
Disadvantages of Partnerships
 Unlimited liability for general partners
 Potential for conflict between partners
 Limited life
 Sharing of profits
THANK YOU

More Related Content

What's hot

Guidelines for development of renewable energy co-operatives in Ontario
Guidelines for development of renewable energy co-operatives in OntarioGuidelines for development of renewable energy co-operatives in Ontario
Guidelines for development of renewable energy co-operatives in Ontario
MaRS Discovery District
 
Types of Ownership and Their Impacts
Types of Ownership and Their ImpactsTypes of Ownership and Their Impacts
Types of Ownership and Their Impacts
shelbyferry
 
SME Chapter 3
SME Chapter 3SME Chapter 3
SME Chapter 3
Syed Hassan Ali Shah
 
Economics chapter 7
Economics chapter 7Economics chapter 7
Economics chapter 7
Autumn Bilbao
 
Power point presentation On Partnership
Power point presentation On PartnershipPower point presentation On Partnership
Power point presentation On Partnership
Arpita Banerjee
 
Legal Structure of Business
Legal Structure of BusinessLegal Structure of Business
Legal Structure of Business
Taresa Farfan
 
Legal Guide Pg17
Legal Guide Pg17Legal Guide Pg17
Legal Guide Pg17
guest7cae353
 
UPH-MENEC Limited partnership cv firma
UPH-MENEC Limited partnership cv firmaUPH-MENEC Limited partnership cv firma
UPH-MENEC Limited partnership cv firma
Josh011
 
Orgoverview
OrgoverviewOrgoverview
Orgoverview
pearldiamond1101
 
Introducing The CodePlex Foundation
Introducing The CodePlex FoundationIntroducing The CodePlex Foundation
Introducing The CodePlex Foundation
CodePlexFoundation
 
Ch05
Ch05Ch05
Tx law-17 - unit 11
Tx law-17 - unit 11Tx law-17 - unit 11
Tx law-17 - unit 11
Eric Sharkey
 
Tx prini-16 - 9
Tx prini-16 - 9Tx prini-16 - 9
Tx prini-16 - 9
Eric Sharkey
 
Tx law-18 - 11
Tx law-18 - 11Tx law-18 - 11
Tx law-18 - 11
Eric Sharkey
 
Chapter 5
Chapter 5Chapter 5
Chapter 5
detjen
 
Starting A Business
Starting A BusinessStarting A Business
Starting A Business
tdspc
 
About On Co Op
About On Co OpAbout On Co Op
Entreprenuership types-of-business
Entreprenuership types-of-businessEntreprenuership types-of-business
Entreprenuership types-of-business
DanicaHermoso2
 
Structuring Founder Relationships
Structuring Founder RelationshipsStructuring Founder Relationships
Structuring Founder Relationships
The Capital Network
 

What's hot (19)

Guidelines for development of renewable energy co-operatives in Ontario
Guidelines for development of renewable energy co-operatives in OntarioGuidelines for development of renewable energy co-operatives in Ontario
Guidelines for development of renewable energy co-operatives in Ontario
 
Types of Ownership and Their Impacts
Types of Ownership and Their ImpactsTypes of Ownership and Their Impacts
Types of Ownership and Their Impacts
 
SME Chapter 3
SME Chapter 3SME Chapter 3
SME Chapter 3
 
Economics chapter 7
Economics chapter 7Economics chapter 7
Economics chapter 7
 
Power point presentation On Partnership
Power point presentation On PartnershipPower point presentation On Partnership
Power point presentation On Partnership
 
Legal Structure of Business
Legal Structure of BusinessLegal Structure of Business
Legal Structure of Business
 
Legal Guide Pg17
Legal Guide Pg17Legal Guide Pg17
Legal Guide Pg17
 
UPH-MENEC Limited partnership cv firma
UPH-MENEC Limited partnership cv firmaUPH-MENEC Limited partnership cv firma
UPH-MENEC Limited partnership cv firma
 
Orgoverview
OrgoverviewOrgoverview
Orgoverview
 
Introducing The CodePlex Foundation
Introducing The CodePlex FoundationIntroducing The CodePlex Foundation
Introducing The CodePlex Foundation
 
Ch05
Ch05Ch05
Ch05
 
Tx law-17 - unit 11
Tx law-17 - unit 11Tx law-17 - unit 11
Tx law-17 - unit 11
 
Tx prini-16 - 9
Tx prini-16 - 9Tx prini-16 - 9
Tx prini-16 - 9
 
Tx law-18 - 11
Tx law-18 - 11Tx law-18 - 11
Tx law-18 - 11
 
Chapter 5
Chapter 5Chapter 5
Chapter 5
 
Starting A Business
Starting A BusinessStarting A Business
Starting A Business
 
About On Co Op
About On Co OpAbout On Co Op
About On Co Op
 
Entreprenuership types-of-business
Entreprenuership types-of-businessEntreprenuership types-of-business
Entreprenuership types-of-business
 
Structuring Founder Relationships
Structuring Founder RelationshipsStructuring Founder Relationships
Structuring Founder Relationships
 

Similar to Partnership

Partnership
PartnershipPartnership
Partnership
nafia
 
Partnership law
Partnership lawPartnership law
Partnership law
Muhammad Sher
 
Partnership
PartnershipPartnership
qasim presentation.pptx on the account subject
qasim presentation.pptx on the account subjectqasim presentation.pptx on the account subject
qasim presentation.pptx on the account subject
agha624455
 
Forms of Business Ownership.pptx
Forms of Business Ownership.pptxForms of Business Ownership.pptx
Forms of Business Ownership.pptx
sadiqfarhan2
 
12 8 08
12 8 0812 8 08
12 8 08
sgohar
 
LLP.pptx
LLP.pptxLLP.pptx
LLP.pptx
MansiRajput26
 
Different Forms of Business Organisations
Different Forms of Business OrganisationsDifferent Forms of Business Organisations
Different Forms of Business Organisations
Jaswinder Singh
 
Define the partnership and its salient features.
Define the partnership and its salient features.Define the partnership and its salient features.
Define the partnership and its salient features.
MuhammadHussain625330
 
forms of business ownership.pptx
forms of business ownership.pptxforms of business ownership.pptx
forms of business ownership.pptx
sadiqfarhan2
 
U2 2. types of business organizations
U2  2. types of business organizationsU2  2. types of business organizations
U2 2. types of business organizations
Fernanda Ledergerber
 
Partnership
PartnershipPartnership
Partnership
salmanshaikhh
 
Partnership types - Business Law
Partnership types - Business Law Partnership types - Business Law
Partnership types - Business Law
BONIYAPBOCHAN
 
Summer 15 introduction to business lecture 2_part 2
Summer 15 introduction to business lecture 2_part 2Summer 15 introduction to business lecture 2_part 2
Summer 15 introduction to business lecture 2_part 2
sakib ahmed
 
Legal forms of business organization
Legal forms of business organizationLegal forms of business organization
Legal forms of business organization
Md kawsar
 
HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?
HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?
HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?
Julian Swartz
 
Business structures
Business structuresBusiness structures
Business structures
Teach940
 
Entrepreneurship in solar Energy
Entrepreneurship in solar EnergyEntrepreneurship in solar Energy
Entrepreneurship in solar Energy
Dr Naim R Kidwai
 
Pillay Ronal Anthony Roll no;79 assignment 1.pdf
Pillay Ronal Anthony Roll no;79 assignment 1.pdfPillay Ronal Anthony Roll no;79 assignment 1.pdf
Pillay Ronal Anthony Roll no;79 assignment 1.pdf
fiweif
 
Choosing the Right Business Structure for Your Small Business in Texas
Choosing the Right Business Structure for Your Small Business in TexasChoosing the Right Business Structure for Your Small Business in Texas
Choosing the Right Business Structure for Your Small Business in Texas
Brandy Austin
 

Similar to Partnership (20)

Partnership
PartnershipPartnership
Partnership
 
Partnership law
Partnership lawPartnership law
Partnership law
 
Partnership
PartnershipPartnership
Partnership
 
qasim presentation.pptx on the account subject
qasim presentation.pptx on the account subjectqasim presentation.pptx on the account subject
qasim presentation.pptx on the account subject
 
Forms of Business Ownership.pptx
Forms of Business Ownership.pptxForms of Business Ownership.pptx
Forms of Business Ownership.pptx
 
12 8 08
12 8 0812 8 08
12 8 08
 
LLP.pptx
LLP.pptxLLP.pptx
LLP.pptx
 
Different Forms of Business Organisations
Different Forms of Business OrganisationsDifferent Forms of Business Organisations
Different Forms of Business Organisations
 
Define the partnership and its salient features.
Define the partnership and its salient features.Define the partnership and its salient features.
Define the partnership and its salient features.
 
forms of business ownership.pptx
forms of business ownership.pptxforms of business ownership.pptx
forms of business ownership.pptx
 
U2 2. types of business organizations
U2  2. types of business organizationsU2  2. types of business organizations
U2 2. types of business organizations
 
Partnership
PartnershipPartnership
Partnership
 
Partnership types - Business Law
Partnership types - Business Law Partnership types - Business Law
Partnership types - Business Law
 
Summer 15 introduction to business lecture 2_part 2
Summer 15 introduction to business lecture 2_part 2Summer 15 introduction to business lecture 2_part 2
Summer 15 introduction to business lecture 2_part 2
 
Legal forms of business organization
Legal forms of business organizationLegal forms of business organization
Legal forms of business organization
 
HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?
HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?
HOW SHOULD MAJOR DECISIONS BE MADE IN A BUSINESS PARTNERSHIP?
 
Business structures
Business structuresBusiness structures
Business structures
 
Entrepreneurship in solar Energy
Entrepreneurship in solar EnergyEntrepreneurship in solar Energy
Entrepreneurship in solar Energy
 
Pillay Ronal Anthony Roll no;79 assignment 1.pdf
Pillay Ronal Anthony Roll no;79 assignment 1.pdfPillay Ronal Anthony Roll no;79 assignment 1.pdf
Pillay Ronal Anthony Roll no;79 assignment 1.pdf
 
Choosing the Right Business Structure for Your Small Business in Texas
Choosing the Right Business Structure for Your Small Business in TexasChoosing the Right Business Structure for Your Small Business in Texas
Choosing the Right Business Structure for Your Small Business in Texas
 

More from Pundra University of Science & Technology

Sole proprietorship
Sole proprietorshipSole proprietorship
The promotion mix
The promotion mixThe promotion mix
SAARC
SAARCSAARC
IMC
IMCIMC
Case Solve Of Kodak
Case Solve Of KodakCase Solve Of Kodak
Mohasthan Ghor
Mohasthan Ghor Mohasthan Ghor

More from Pundra University of Science & Technology (6)

Sole proprietorship
Sole proprietorshipSole proprietorship
Sole proprietorship
 
The promotion mix
The promotion mixThe promotion mix
The promotion mix
 
SAARC
SAARCSAARC
SAARC
 
IMC
IMCIMC
IMC
 
Case Solve Of Kodak
Case Solve Of KodakCase Solve Of Kodak
Case Solve Of Kodak
 
Mohasthan Ghor
Mohasthan Ghor Mohasthan Ghor
Mohasthan Ghor
 

Recently uploaded

MARY JANE WILSON, A “BOA MÃE” .
MARY JANE WILSON, A “BOA MÃE”           .MARY JANE WILSON, A “BOA MÃE”           .
MARY JANE WILSON, A “BOA MÃE” .
Colégio Santa Teresinha
 
BBR 2024 Summer Sessions Interview Training
BBR  2024 Summer Sessions Interview TrainingBBR  2024 Summer Sessions Interview Training
BBR 2024 Summer Sessions Interview Training
Katrina Pritchard
 
Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5
sayalidalavi006
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
RAHUL
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
PECB
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
chanes7
 
Liberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdfLiberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdf
WaniBasim
 
Cognitive Development Adolescence Psychology
Cognitive Development Adolescence PsychologyCognitive Development Adolescence Psychology
Cognitive Development Adolescence Psychology
paigestewart1632
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
GeorgeMilliken2
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
Celine George
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
Priyankaranawat4
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
RitikBhardwaj56
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
amberjdewit93
 
Life upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for studentLife upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for student
NgcHiNguyn25
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
TechSoup
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
Celine George
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
mulvey2
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
IreneSebastianRueco1
 
DRUGS AND ITS classification slide share
DRUGS AND ITS classification slide shareDRUGS AND ITS classification slide share
DRUGS AND ITS classification slide share
taiba qazi
 

Recently uploaded (20)

MARY JANE WILSON, A “BOA MÃE” .
MARY JANE WILSON, A “BOA MÃE”           .MARY JANE WILSON, A “BOA MÃE”           .
MARY JANE WILSON, A “BOA MÃE” .
 
BBR 2024 Summer Sessions Interview Training
BBR  2024 Summer Sessions Interview TrainingBBR  2024 Summer Sessions Interview Training
BBR 2024 Summer Sessions Interview Training
 
Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5Community pharmacy- Social and preventive pharmacy UNIT 5
Community pharmacy- Social and preventive pharmacy UNIT 5
 
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPLAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UP
 
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
ISO/IEC 27001, ISO/IEC 42001, and GDPR: Best Practices for Implementation and...
 
Digital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments UnitDigital Artifact 1 - 10VCD Environments Unit
Digital Artifact 1 - 10VCD Environments Unit
 
Liberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdfLiberal Approach to the Study of Indian Politics.pdf
Liberal Approach to the Study of Indian Politics.pdf
 
Cognitive Development Adolescence Psychology
Cognitive Development Adolescence PsychologyCognitive Development Adolescence Psychology
Cognitive Development Adolescence Psychology
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
What is Digital Literacy? A guest blog from Andy McLaughlin, University of Ab...
 
How to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 InventoryHow to Setup Warehouse & Location in Odoo 17 Inventory
How to Setup Warehouse & Location in Odoo 17 Inventory
 
clinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdfclinical examination of hip joint (1).pdf
clinical examination of hip joint (1).pdf
 
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...The simplified electron and muon model, Oscillating Spacetime: The Foundation...
The simplified electron and muon model, Oscillating Spacetime: The Foundation...
 
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental DesignDigital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
 
Life upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for studentLife upper-Intermediate B2 Workbook for student
Life upper-Intermediate B2 Workbook for student
 
Walmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdfWalmart Business+ and Spark Good for Nonprofits.pdf
Walmart Business+ and Spark Good for Nonprofits.pdf
 
How to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP ModuleHow to Add Chatter in the odoo 17 ERP Module
How to Add Chatter in the odoo 17 ERP Module
 
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptxC1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
C1 Rubenstein AP HuG xxxxxxxxxxxxxx.pptx
 
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
 
DRUGS AND ITS classification slide share
DRUGS AND ITS classification slide shareDRUGS AND ITS classification slide share
DRUGS AND ITS classification slide share
 

Partnership

  • 1. Introduction To Business SUBMITTED BY : MD. MOUDUD-UR-RAHMAN
  • 2. Partnership  A partnership is an agreement in which two or more individuals share the profits and liabilities of a business venture. Various arrangements are possible : all partners might share liabilities and profits equally, or some partners may have limited liability.
  • 3. • Why would a new business venture choose to operate as a partnership, and what challenges would the partners face ?  General Partnerships  Partners co-own assets and share profits  Each partner is individually liable for all debts and contracts of the partnership  Limited Partnerships  Controlled by one or more general partners who have unlimited liability
  • 4. Advantages of Partnerships  Ease of formation  Availability of capital  Diversity of managerial expertise  Relative freedom from government control Disadvantages of Partnerships  Unlimited liability for general partners  Potential for conflict between partners  Limited life  Sharing of profits