Right of a partners in partnership
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.
 |
| Right of a partner |
Partnership Deed show/give lot of
right to a partners like –
ü
Every
partners have a right to manage the
business
ü
Decision making – every partner have a right to
participate in decision making or giving any suggestion or opinion
ü
Every
partners have a right to go through the
account or financial reports of business
ü
Every
partners have a right to equal sharing
of profit or a prefix ratio
ü
Every
partners have a right to receive a
interest in capital or investment or any loan on a fix ration
ü
Every
partners have a right to use business
property for the business use
ü
He
a right to stop any new entry or partners
ü
Right to retire
ü
A
retired person have start its own
business having a smeller product of previous one
