13 Reasons Why the Absence of a Partnership Agreement Could be Disastrous! Ordinary partnerships are governed by The Partnership Act 1890 and in the absence of a partnership agreement, the outdated unsuitable default rules would apply. You may not even realise that...
There is often some confusion over what a partnership is. A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. The Partnership Act 1890 defines partnership as “persons carrying on a business in common...
Are you in a business partnership? Do you even know what a partnership is? Unsure whether you need a Partnership Agreement in place? Read on… The Partnership Act 1890 defines partnership as “persons carrying on a business in common with a view of profit.” As with all...
