Tag Archives: partnership law

Dissolving a business partnership

Dissolution of a business partnership largely depends on the type of partnership in question. There are three types of partnerships, namely general, limited, and limited liability partnerships. Dissolving a General Partnership (No agreement) What is general partnership? General partnership is the most basic legal form of partnership available. For general partnership to exist there need […]

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Partnership Act 1890

Partnership Act 1890 What is a Partnership A partnership is a business organisation where partners (minimum of two) will usually share decision making and divide the profits and losses of the business between themselves. Any type of business can be formed as a partnership and the Partnership Act 1890 is the legislation which governs the […]

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