Day: October 12, 2020

Obligations of a limited partner Not to take part in the management of the firms business. Not to compete with the firm. Disclose any personal interest to avoid conflict of interest. Not to withdraw or receive back his share during Read More …

Company limited by shares: This is a limited liability company. Limitation of liability by shares means that a member can only be called upon to contribute to the assets of the company the amount if any outstanding or unpaid on Read More …

Sharing of loss reduces the amount borne by a single partner. Partners enjoy relative privacy as the firm is not obliged to publish anything. Easy to from in that there are no legal formalities to be complied with. Partners are Read More …