INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A business that is registered under partnership has to have at least two persons and not more than 50 persons as partners.
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TRUE
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FALSE
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -(ii) As per Companies Act, 2013 the number of partners in a partnership firm carrying on any business should not exceed 50 persons. The liability of the members is limited. The liability of partners is unlimited. Every partner is the agent of the firm and his partners for the purposes of the business of the firm.
There is 1 question to complete.