Partner Ship Features

Question 1

Feature 1

Answer 1

There can be between 2-20 owners known as partners

Question 2

Feature 2

Answer 2

Each partner will invest money into the business and will be entitled to a
share of the profits.

Question 3

Feature 3

Answer 3

When the partnership is formed, a Deed of Partnership should be drawn up , this shows how profits should be shared if an owner is entitled to a salary, this should help avoid disagreements