Partnership Enterprise

[Alexandoy]

My 2nd business is an informal partnership with my high school classmate. The business is registered as sole proprietorship in my name but my partner has 1/3 share. I was the manager but my partner helps in the suppliers because he is a salesman. Unfortunately the guy was doing something behind my back. It was painful to me when I learned of that business partner who was a traitor.

 

[tyrim88]

It is true about the issue of partnership,the problem of trust usually arise in partnership,reason it is very important to properlly singn a working agreement concerning ownership and profit sharing, before embarking on any business venture with any partner

 

[Kelly5]

Every person in a partnership type buisness arrangement must be those that share and also have the same or similar drive towards that business else it is bound to fail

 

[tyrim88]

The ofline business i an currently running is a partnership business,we are into courier and logistice,and our partner works in an outfit where they are into food and diary product,and he is incharge of the online stuff,so we gets lots of work from there as well as in other places.He is incharge with our online marketing also.The partnership has been very cordial.

 

[Zubair]

True, trust issues frequently occur in partnerships. For this reason, it is critical to properly sign a working agreement about ownership and profit sharing before beginning on any commercial endeavor with any partner.

 

[Nicklas22]

Partnership in a business ownership by two or more persons who takes risk with their money for the purpose of making more, they plan and make decisions together and share the profits among themselves but decision making is slow

 

[Dubai]

Partnership business is not as easy as people think. You and your partner must have solid agreement that most not be bridged. You ought to understand yourselves and have the same goals and motivation.

 

[GIFTMICHAEL]

The issues surrounding partnership business, made me to stand on my own to run a sole proprietorship business, which is my best pick.

 

[Mostee501]

As we all know going into partnership with people has to do with understanding and trust because without trust the business will not flourish

 

[cowantussie]

A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits.
There are several types of partnership arrangements. In particular, in a partnership business, all partners share liabilities and profits equally, while in others, partners may have limited liability. There also is the so-called "silent partner," in which one party is not involved in the day-to-day operations of the business.
Types of partnerships
These are the four types of partnerships.

1. General partnership
2. Limited partnership
3. Limited liability partnership
4. Limited liability limited partnership

 

[Justin]

Partnership is a way to do a business when you have limited knowledge on the business niche and limited funds for investment. partnership can succeed only when both of you have a common interest

 

[Nomad]

Partnership can be profitable because the partners can jointly decide on what is best for the business. In fact, Two brains are always better than one brain.

 

[Richard92]

Partnership is a nice option of business time. I've seen people who partner with one another and grow the business for long time, and become successful this day.

partnership enterprises are business that are being stocked up by two or more individuals and most times it is favorable to start up a business as partners because there is contribution of ideas and also finance in order to make the business grow fast.

 

[cowantussie]

8 Characteristics of Partnership Firm!
Existence of an agreement: Partnership is the outcome of an agreement between two or more persons to carry on business.
Existence of business
Sharing of profits
Agency relationship
Membership
Nature of liability
Fusion of ownership and control
Non-transferability of interest

 

[Niftyyem]

Entering into a partnership in business isnt a decision that should be taken lightly because those involved could determine the success and also the demise of that business. If you are lucky to choose good partners, it is very advantageous for the business.

 

[Fozzy_boy]

Most partnership business will surely later collapse because of the conflict of the interest issue and many other issues that will be among them

 

[Chibson]

Partnership Enterprise has its advantages and disadvantages. The major advantage is that there is enough idea and probably funding to run the business effectively.

 

[GIFTMICHAEL]

partnership enterprises are business that are being stocked up by two or more individuals and most times it is favorable to start up a business as partners because there is contribution of ideas and also finance in order to make the business grow fast.

Yes, partnership has its own merit to those who prefers it, due to one or two benefits. But to me i don't fancy it at all, i love running my business alone.

 

[Akinwale701]

Partnership enterprise is a business model where two or more people join hands to establish a business. The partners may or may not have equal share in the business. There are different kinds of partners in partnership business. One is active partner, another is passive partner, and the third one is sleeping partner. Conflict of interest is the major issue of partnership business.

My first business was a partnership business, sadly, it collapsed.

Partnership, as good as it may sound, has many disadvantages, remember you are running the business with another person, so there is gonna be difference in opinion and all that which can make the business to collapse in the end.

 

[Nomad]

partnership business can succeed only when both of the partners have the same interest in the business and both of the partners apply same amount of time in running the business