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The Accounts of a Partnership

  • Jill Hussey
  • Roger Hussey
Chapter
Part of the Macmillan Business Masters book series (MMSB)

Abstract

Partnerships are a form of business organisation commonly adopted by businesses offering professional or other personal services, such as solicitors, accountants, doctors and dentists. As its name implies, a sole trader business has only one owner, but a partnership is a larger business because it has two or more owners. However, like the sole trader, the partners have unlimited liability and in this respect both differ from limited companies.

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Copyright information

© Jill Hussey and Roger Hussey 1999

Authors and Affiliations

  • Jill Hussey
  • Roger Hussey

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