Businesses suitable for Partnership legal structure

Having understood the basics of what a partnership business is all about, consider the following guidelines to help you decide whether you should go in for a partnership kind of business.

The following are just some examples of businesses that will be suitable for the partnership legal structure:

A partnership firm is suitable in case of business where the initial capital requirement is medium i.e. it is neither too large nor too small. Business like retail and wholesale trade or small manufacturing units can be successfully started by partners.

In a partnership firm persons having different ability, managerial talent, skill and expertise join together. So it is most suitable for construction business, legal firms etc. where each partner contributes the best as per his specialization and experiance.

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Table Of Contents

  1. How to incorporate?
  2. Understanding Sole Proprietorships
  3.   - Advantages of Sole Proprietorships
  4.   - Disadvantages of Sole Proprietorships
  5.   - What kind of business is suitable for Sole Proprietorships?
  6.   - How to start a Sole Proprietorship business?
  7. Understanding Partnerships Business
  8.   - Advantages of a Partnership Business
  9.   - Disadvantages of a Partnership Business
  10.   - Different types of partnership firms
  11.   - Business suitable for Partnerships legal structure
  12.   - How to form partnership deeds & start a partnership firm?
  13. Understanding Joint Stock Companies (Private & Public Ltd.)
  14.   - Advantages of Joint Stock Companies
  15.   - Disadvantages of Joint Stock Companies
  16.   - Business suitable for Joint Stock Companies
  17.   - Procedure to start a Joint Stock Company? (Incorporation)