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Law of Business Organization Could you please do Partnership? INSTRUCTIONS FOR PREPARING WRITTEN REPORT: 1 . Based on the chapter assigned, create and establish your

Law of Business Organization
Could you please do Partnership?
INSTRUCTIONS FOR PREPARING WRITTEN REPORT:
1.Based on the chapter assigned, create and establish your own business entity either sole proprietor ship, partnership or limited liability).
2. The establishments of your business entity shall consist of the followings elements:
3. ELEMENTS OF PARTNERSHIP
More than one person
Agreement between partners
Present transaction of business activities
Each partner is / an agent
Purpose to profit
1.0 Corporate Portfolio and Background (Name of organization, business address & contact number, vision & mission, corporate goal, nature of business, corporate structure & organizational chart)
2.0 Legal criteria of forming a business organization
3.0 Legal duty as sole proprietor, partnership or limited liability
4.0 SWOT Analysis (Strength, Weakness, Opportunity, Threat)
5.0 Conclusion
Section 47(2) of Partnership Act 196l the maximum number of partners allowed in a partnership is twenty (20).
EXCEPTION Section 14(3)(a)
Companies Act 1965, a professional partnership can have unlimited numbers of partners.
\deg i.e: lawyers- legal firms, accounting firms, auditor's firm.
please fallow the instractions given above and choose the company name for the partership mohamed ali and murtada

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