Results (
English) 1:
[Copy]Copied!
It is important to highlight that partnerships have no legal status as companies in their own right. As is the case with sole traders, the finances of the business remain indivisibly tied to the finances of the individuals who form the partnership, therefore if the venture fails, it is the partners (not the business) who are responsible for paying any outstanding debts.It is important to emphasize that cooperation does not have legal status with the company. In their own rights, as is the case with a single trader, the business's financial statements still tied with the people indivisibly models for cooperation, so if it fails, the joint venture partners (non-business) that are responsible for paying any outstanding debt.
Being translated, please wait..
