Partnerships

Partnerships is a business type  where  members  come  together  and pool  (contribute)   financial  resources   in order  to carry out business jointly with  the aim of making  profits.

The minimum number of members   in partnership   is two (2) and the maximum   number is twenty (20).  Each member   in partnership   is called   a partner:

The  sharing   of  capital  and  profits   and  general  running   of  the  business   is  spelt  out  in  a  document called  a partnership  deed. It is presented to the registrar of companies   before business commences.