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Sole Proprietorship and Partnership
Business Studies · Chapter 4 · 2. Forms and Types of Business Organisation
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- Sole proprietorship: meaning, features, merits and demerits
- Partnership: meaning, features, merits and demerits
- Formation of a partnership: partnership deed (meaning and contents), registration process and consequences of non-registration
- Types of partners: active, dormant, partner by estoppel, partner by holding out, minor partner
- Types of partnership: general, particular and limited liability partnership