Posted by: Sandeep m. on 23.09.2020
Ask a QuestionPartnership by definition is an arrangement between two or more persons to conduct a business and share its profits and losses. Further the Indian Partnership Act, 1932, states that there should be an agreement between two or more persons to constitute a partnership. Therefore, it can be concluded by saying that there should be at least two members to constitute a partnership
Partnership by definition is an arrangement between two or more persons to conduct a business and share its profits and losses. Further the Indian Partnership Act, 1932, states that there should be an agreement between two or more persons to constitute a partnership. Therefore, it can be concluded by saying that there should be at least two members to constitute a partnership
According to Indian partnershipm Act, 1932, it says that the relationship between two or more persons are required to conduct a partnership business, So minimum two persons are required to run partnership business.
There must be minimum 2 members to form a partnership firm.
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