Mind map
Partnerships
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Partnerships
What is a partnership under S.1 Partnership Act 1890
- Partnership comes into being when 2 or more people carry on business for common purpose of making profit
- s.2 (3) the existance of P always a matter of fact eg receipt of profit is evidence
- no formalities or requirements actually needed to form P
- Good idea to have Pship Agreement though!
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- degree Business Mind Map on Partnerships, created by jessie-lou on 02/10/2013.
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- jessie-lou
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