Answer :
A partnership firm's existence is constrained to the lifestyles of the partners. Eventually, when all the partners die, the partnership association comes to an end as there is no one left to look after the business.
Which of the following is a disadvantage of a organisation when compared to a partnership?
The agency and its stockholders are problem to double taxation; It is taxed when it is earned and once more when it is distributed to stockholders as dividends.
The partnership is a enterprise that is owned through two or extra humans with the intent to make a profit. The employer is a legal entity that is organized in accordance to the laws of the kingdom in which it is formed. The enterprise employer is separate from its proprietors
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