qasim presentation.pptx on the account subject

Partnership

1. Partnership: A partnership is a business arrangement where two or more individuals, called partners, agree to work together to achieve a common goal.

2. Types of Partnership: General Partnership : All partners share equal responsibility and liability for the business. Limited Partnership : Limited partners contribute capital but no have management role and limited liability . Limited Liability Partnership : Combines the liability protection of a limited liability company with the tax benefits of a partnership.

3. Advantaged of Partnership: Shared financial risk and liability. Combines Skills and Expertise of multiple individuals. Encourages teamwork and shared decision making. Easier to raise capital than sole proprietorship. Tax benefits, as partnership income is only taxed at the individual level.

4. Key Points for Partnership: Define partnership terms and roles clearly in a partnership agreement. Establish a strong partnership agreement to avoid disputes. Define how profits and losses will be shared. Determine management structure and decision making processes. Consider legal and financial implications before forming a partnership.

5. Any Questions…… ?