Different contain for “Partnership Deed”

Different contain for “Partnership Deed”

Partnership is a mutual relationship between two persons for some profit making activity. Individual, we call them partners and jointly, we call them partnership.

A partnership is a result of an agreement between the social unites or human being for some economic goals. Any partnership requires two or more persons which share their profit in a fix ratio. May be this agreement is in a written or oral format.

 “Partnership Deed”

Here, we mention some important points for list –

ü  Firm name

ü  Partners – name & address

ü  Business types or nature

ü  Time frame for partnership

ü  Capital invested by partners

ü  Withdrawn by partners

ü  Profit – Loss sharing ratio

ü  Partners salary or commission

ü  Joining or retirement of manpower

ü  Dissolution & settlement of partners

ü  Payment of loan & settlement

What you know about Business Enterprises or Organization

What you know about Business Enterprises or Organization

Business enterprises or organization is defines as a unit of people or social group constructed for some special economic goals. The main activity of an organization is goal oriented and they have a clear road map & coordination in respect of duties and responsibilities. These human beings fully coordinated in respect to their assign activity.

Every organization have some common feature like – have a size, complex structure, formality and top to bottom hierarchy. In other words, we can say that every organization formed for some cooperative action to accomplish the collective economic goals with a clear pre-define rules or setup. For example – business organization, education group, Government bodies and hospitals.

Business Enterprises or Organization

Here, we mention some common feature/characteristics like –

ü  Permanent establishment/body – Every organization have a permanent body rules & continue without any disturbance from retirement or step-down by any employee from top to bottom.

ü  Economic goals – every organization setup for some special economic goals within define activity. Other words every organization have all goal oriented activity.

ü  Every organization have a team of specialization person to accomplish the economic goals

ü  Mutual coordination – organization goals directly or un-directly attached with every single activity. Pre-define rules and procedure is must for every organization.

ü  Structure/working body- every organization have a pre-define working structure with role and responsibility and having a fix hierarchical from top to bottom