List Of Humorous And Witty Names For Your Pub Or Office Crew.

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Partnership is a type of enterprise group where business is carried on by two or more males. Sometimes, the small business may increase to such an extent that it may be past the control of one man. For its additional development extra capital could also be vital. Since one man can not provide all of it, he will take a associate or two. Business Management Thus, sometimes one-man business grows into partnership. However within the case of some companies, there will be partnership proper from the start. In some partnerships, there will likely be a sleeping partner additionally. That is, suppose there are two males in a partnership. Of the 2, one member simply gives some capital but will not take part within the precise operating of the business. Such a partner is known as sleeping associate. The function of a sleeping associate is more or less just like that of a shareholder in a Joint-Stock Company. A partnership is based on confidence and mutual trust. It has some advantages and drawbacks.

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