SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Tips & Tricks: Partnership
Partnership Tips and Tricks for Government Exams
|
1365 videos|1312 docs|1010 tests
|
FAQs on Partnership Tips and Tricks for Government Exams
| 1. What is a partnership? |  |
Ans. A partnership is a type of business structure where two or more individuals or entities come together to form a legally recognized entity. In a partnership, the partners share the profits, losses, and responsibilities of the business.
| 2. How does a partnership differ from other business structures? | |
Ans. Unlike a sole proprietorship where a single individual owns and operates the business, a partnership involves multiple owners who share the profits, losses, and decision-making. It differs from a corporation as partnerships are not separate legal entities and the partners are personally liable for the business's debts and obligations.
| 3. What are the advantages of forming a partnership? | |
Ans. Forming a partnership offers several advantages, such as shared decision-making, combined resources and expertise, shared workload, and the ability to pool capital and investments. Partnerships also enjoy more flexibility in terms of taxation and have fewer legal formalities compared to corporations.
| 4. What are the different types of partnerships? | |
Ans. There are several types of partnerships, including general partnerships, limited partnerships (LP), and limited liability partnerships (LLP). In a general partnership, all partners have equal rights and responsibilities. LPs have both general partners and limited partners, where general partners have unlimited liability while limited partners have limited liability. LLPs provide limited liability protection to all partners.
| 5. How can a partnership be dissolved? | |
Ans. A partnership can be dissolved through various means, such as mutual agreement between the partners, expiration of a partnership agreement, bankruptcy of a partner, or a court order. It is important to follow the dissolution process outlined in the partnership agreement and settle any outstanding debts and obligations before formally terminating the partnership.
Related Exams
About this Video
|
4.86/5 Rating |
|
Dec 24, 2024 Last updated |
Video Description: Tips & Tricks: Partnership for SSC CGL 2024 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Tips & Tricks: Partnership have been prepared according to the SSC CGL exam syllabus.
Information about Tips & Tricks: Partnership covers all important topics for SSC CGL 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Tips & Tricks: Partnership.
Introduction of Tips & Tricks: Partnership in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Tips & Tricks: Partnership in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Partnership Tips and Tricks for Government Exams - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Tips & Tricks: Partnership
Here you can find the meaning of Tips & Tricks: Partnership defined & explained in the simplest way possible.
Besides explaining types of Tips & Tricks: Partnership theory, EduRev gives you an ample number of questions to practice Tips & Tricks: Partnership tests,
examples and also practice SSC CGL tests.
|
1365 videos|1312 docs|1010 tests
|
|
Explore Courses for SSC CGL exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Semester Notes
,Viva Questions
,Important questions
,video lectures
,Objective type Questions
,shortcuts and tricks
,mock tests for examination
,Previous Year Questions with Solutions
,ppt
,Partnership Tips and Tricks for Government Exams
,practice quizzes
,Exam
,Partnership Tips and Tricks for Government Exams
,Summary
,past year papers
,Free
,study material
,Sample Paper
,MCQs
,Partnership Tips and Tricks for Government Exams
,Extra Questions
;
Study Tips & Tricks: Partnership on the App
Students of SSC CGL can study Tips & Tricks: Partnership alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Tips & Tricks: Partnership,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Tips & Tricks: Partnership is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup