December 4, 2020

swiss

Many businesses now use corporate credit cards to pay their bills, particularly those between their suppliers or vendors and themselves. Partnership is a type of business organization where business is carried on by two or more men. Sometimes, the small business may expand to such an extent that it may be beyond the control of one man. For its further development more capital may be necessary. Since one man cannot provide all of it, he will take a partner or two. Thus, sometimes one-man business grows into partnership. But in the case of some firms, there will be partnership right from the beginning. In some partnerships, there will be a sleeping partner also. That is, suppose there are two men in a partnership. Of the two, one member simply provides some capital but will not take part in the actual running of the business. Such a partner is known as … Read the rest

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