business, law and most of information

1. PARTNERSHIP BUSINESS

2. Seyam rayhan sarkar
.

3. WHAT IS
PARTNERSHIP
BUSINESS?

4. According to Sec 4 of the Partnership
Act 1932,” Partnership is the relation
between persons who have agreed to
share profits of a business carried on
by all or any of them acting for all”
A partnership is an arrangement in which
parties agree to co-operate to advance their
mutual interests.

5. The partnership law in Bangladesh
recognizes two types of
partnership business
• the general partnership.
• limited partnership .

6. 1. General partnership: All the partner share
the management and profit equally.
Each partner has limited liability
2. Limited partnership: It has two types of
partner
(a)One or more general partners- who have
unlimited liability
(b) One or more limited partners- Whose
liability is limited to the amount of their
investment amount.

7. CHARACTERISTICES OF PARTNRSHIP
BUSINESS
General partnership business :
. Minimum number two
. Maximum 20
. All partners are legally equal
Limited partnership business:
. It contains one or more general partners .
. At least one limited partner who contributes a certain amount of
capital.
. This types business must be registered.

8. SOME GENERAL CHARACTERISTICS
 ease of starting,
 control,
 sole participation in profits and losses,
 use of owner’s ability,
 tax breaks,
 secrecy and
 ease of dissolving
 Unlimited Liability.
 Difficulty in raising capital.
 Limitations in managerial ability.
 Lack of stability.
 Demands on time.
 Difficulty in hiring and keeping high-achievement employees.

10. PARTNERSHIP DEED
Articles of partnership is a voluntary
contract between two or among more than
two persons.

11. A partnership agreement is the written and legal
agreement between business partners.
Below are some of the written partnership
agreement
. What is the name of the partnership?
. What is the purpose of the partnership?
. What is the duration of the partnership?
. Location of the business.

12.  Responsibilities
What is each partner's role?
. What banking arrangements will be made for
the partnership?
. Which partners will have check signing
privileges?
. How will the books be kept?
. Method for dissolving the partnership
. When can the partnership be dissolved?

13. ADVACNTAGES AND DISADVANTAGES OF A
PARTNERSHIP BUSINESS
ADVANTAGEA DISADVANTAGES
. More capital . Unlimited liabilities
. Combined managerial skills . Problem of management
. Easy to start . Lack of secrecy
. Tax advantages . Instability

14. REGESTRATION OF PARTNERSHIP BUSINESS
. Name of the partnership business
. Address of the head office
. If there any branch of the business address of such branch.
. Purpose of the business
. Starting time of the business
. Partner name of the business and occupation
. Joining date of each partner in partnership
. Duration of business

15. KINDS OF PARTNERS
1. Active or actual partners: Partners who take an active
part in the conduct of the partnership business are
called the actual partners.
2. Sleeping or dormant partners: There are persons who
merely put in their capital and do not take active part in the
conduct of partnership business.
3. Silent partners:Those who b agreement with other
partners has no voice in the partnership business is called
silent partners.

16. KINDS OF PARTNERS
4. Partners in profits only: Partner who have stipulated
with other partners that he will be entitled to a certain share
of profits , without being liable for the losses, is known as a ‘
partner in profits only.
5. Sub partner: when a partner agrees to share of
profits in a partnership firm with outsider is called a sub
partner.

17. WHO CAN BE A PERTNER?
Any person become the partner except the
following persons
1. A minor
2. A man of unsound mind
3. Insolvent etc.

18. MD. Mahabub Rahman

19. He is a partner of Hazi Builders
He started it from 2005
Four friends make this business
Profit, Loss and liabilities are equal
Each partner gave 1000000 taka
They are trying to create another partnership
business.
Now his monthly income 100000 taka

20. Learning
1. The main issue in the partnership business is the
agreement. It can be written or orally
2. Family business whether it is sole proprietorship
or partnership personal clash and instability is the
main obstacle in the path of success
3. Different talents and skills join in the partnership
business
4. Considering partners philosophies makes the
success of partnership business

21. Conclusion
• After the sole proprietorship, partnership is the oldest and
most popular form of business. A partnership is mainly based
on a written contract or a voluntary and legal oral agreement.
Success in a voluntary and legal oral agreement. Success in a
partnership business mostly depend on considering each
partners philosophies because people with different talents
and skills may join in a partnership business.

22. THANKS
FOR
ATTENDING THE SESSION