国际会计英语 Chapter 3.pptVIP

Chapter 3 Partnership 1 Three forms of business organizations Single proprietorship, or sole proprietorship Partnership Corporation Definition of partnership A partnership may be defined as an association in which persons from two to twenty (except that there is no maximum limit for firms of accountants, solicitors. stock exchanges members or other professional bodies which receive the approval of the board of trade for this purpose)carrying on business in common with a view of profit Features of a partnership The firm is Not a legal person The firm is Not a tax payer The partner should take