Welcome to Kolkata Trade Mark, we have over 20 years of expertise

C-80, Vill. Gokalpur, East of Loni Road,
Gali Daulat Dharm Kaanta Wali

+91 - 9650410410

Mon - Sat 9.00 - 19.00
Sunday Closed

The proprietorship form of tenure suffers from assured limitations like limited resources, limited skill, and unlimited liability. Development in business requires more capital and managerial skills and also involves more risk. A property owner finds him incapable of fulfilling these necessities.

This call for more persons comes together, with completely different edges and starts a business. Someone who lacks management skills, however, could have capital. Another one that may be a good manager although may not have capital. While these persons come together, puddle their capital and skills and organize a business, it’s referred as the partnership.

Partnership grows effectively owing to the limits or disadvantages of proprietorship.

Partnerships have a lot of an equivalent advantage of the solitary proprietorship, beside with others:

  • Excluding the time and the legal cost of crafting a partnership agreement, it’s effortless to ascertain.
  • Because there is more than one owner, the entity has over one pool of capital to spout in financing the business and its operations.
  • Profits from the business flow straightforwardly to the partners’ personal tax returns; they’re not subject to the second level of taxation.
  • The entity is able to draw on the judgment and management of more than one person. Within the best cases, the partners will have complementary skills.