This Presentation is about The Condition of Partnership Firms ANd Company During This Covid-19 Pandamic.

2. What is a Partnership?
A partnership is a form of business where two or more
people share ownership, as well as the responsibility for
managing the company and the income or losses the
business generates.
There are three types of
partnerships:
1- General partnership
2- Limited partnership
3- Joint venture

3. General Partnership
In a general partnership, each partner shares equally in
the workload, liability, and profits generated and paid out
to the partners. All partners are actively involved in the
business’s operations.
Limited Partnership
Limited partnerships allow outside investors to buy
into a business but maintain limited liability and
involvement, based on their contributions.
Short-term projects or alliances that bring together
multiple partners for a project are typically structured as
joint ventures. If the venture performs well, it can be
continued as a general partnership
Joint Venture

8. •Change in profit sharing ratio among the existing
partner.
•Admission of a new partner.
•Retirement of an existing partner.
•Death of a partner.
•The amalgamation of two or more partnership
firms.

10. Profit and Loss App
Meaning:
It is a special account that a firm prepares to show the
distribution of profits/losses among the partners or
partner’s capital.
FORMAT

11. FORMATION OF PARTNERSHIP FRIM
PARTNERSHIP DEED- THE DOCUMENT CONTAINING THE TERMS AND
CONDITION OF THE PATNERSHIP AGREEMENT IS KNOW AS PARTNERSHIP
DEED.
1. NAME OF FRIM
2. NAMEAND ADDRESS OF PARTNERS
3. NATURE OF BUSINESS THAT FRIM WILL CARRY
4. PLACE OF BUSINESS (ADRESS OF OFFICE)
5. CAPITAL CONTRIBUTED BY EACH PARTNER
6. PROFIT SHARING RATIO OF EACH PARTNER
7. THE RIGHT AND DUTIES OF THE PARTNER FOR MANAG
8. THE MOADE OF MAINTAINING ACCOUNT
9. THE RATE OF INTEREST PAYABLE TO PARTNER ON THE
10.THE AMOUNT OF SALARY PAYABLE TO PARTNER
11.PROOVISION REGARDING RETIREMENT AND DISSOLU
12.METHOS OF DISSOLVING DISPUTES