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Partnership Business

Transcript: PARTNERSHIP BUSINESS Shahriar Mohammad Tanveer Presented by INTRODUCTION A legal form of business operation between two or more individuals who share management and profits. INTRODUCTION Partnership Types Types of Partnership General Partnership Limited Partnership Limited Liability Partnership General Partnership Equal share of the business. All partners are liable for any mistakes. Economic responsibility is based of contribution to the startup. Economic benefit based on contribution to startup. Limited Partnership One general partner with unlimited personal liability. Other partners only contributes to funding. In case of a failure, limited partners only loses their initial investment. If the business succeeds, limited partners share profits. Limited Liability Partnership All partners are limited partners. All involved have limited liability. All partners has influence on business decisions. Advantages Advantages General General Easy to get started. Privacy. Decision Making Access to knowledge, skills, experience and contacts. Better decision-making. Decision Making Financial Financial Sharing the burden. More partners, more capital. Disadvantages Disadvantages Potential for differences and conflict. Slower, more difficult decision making. Profits must be shared. Unlimited Liability. Partnership Business in Bangladesh Partnership Business in Bangladesh Source : http://en.banglapedia.org Number of partnership firms in comparison to joint stock companies

Business Partnership Presentation

Transcript: Business Partnership Presentation Evolution Over the Years From humble beginnings to a market leader, we have expanded our operations globally, adapting to changing market dynamics and embracing new technologies. Our Founding Story Founded in 2005, our company started as a small startup in a garage, driven by a vision to revolutionize the industry with innovative solutions. Exploring Our Company's History and Background Showcasing our Company's Services to Potential Partners Delve into the origins and evolution of our company, providing insights into our journey to where we are today. Product Offerings Service Offerings Our product catalog includes cutting-edge solutions designed to enhance efficiency, productivity, and customer satisfaction across various industries. From personalized consulting services to comprehensive maintenance packages, our service portfolio ensures seamless support and optimized performance for our clients. Highlighting Our Services Offered Contact Information For inquiries and partnership proposals, please contact our dedicated team at partnerships@company.com or call +1-123-456-7890 to discuss potential collaborations. Showcasing the diverse range of products and services our company provides to meet the needs of our clients effectively. Q&A Session Concluding Remarks and Next Steps We welcome questions and discussions from our audience to address any queries or concerns regarding our company, services, or partnership opportunities. Wrapping up our presentation with essential contact information, opportunities for collaboration, and a call to action for potential partners. Collaboration Models We offer flexible collaboration models tailored to the unique needs and goals of each partner, ensuring a mutually beneficial and harmonious working relationship. Outlining Future Growth Strategies Exploring Business Partnership Opportunities Benefits of Partnership Charting our course for future expansion and innovation, leveraging market trends and competitive insights to drive sustainable growth. Partnership with us offers access to our extensive resources, expertise, and market insights, fostering innovation and sustainable growth for both parties involved. Expansion Plans Our strategic roadmap includes geographic expansion into new markets and diversification of our product portfolio to capitalize on emerging opportunities. Unveiling the value proposition and benefits of forming strategic partnerships with our company, opening doors to mutual growth and success. Innovation Initiatives We are committed to fostering a culture of innovation, investing in R&D to develop cutting-edge technologies and solutions that meet evolving customer needs.

Partnership Business

Transcript: Maryam, Vanesha, Jagdeep, Razia, Nicholas Partnership Business - a business run by two or more people General Partnership Limited Partnership Typical Partnership Our Partnership Examples of Canadian Partnerships -Register the name with a appropriate authorities such as city hall or local chamber of commerce - Therefore some lawyers have partnerships to serve a wider client base - All partners have unlimited liability for business debts - choose a business name for your partnership - Adv. not a lot filing which results in less annual filing fees - decide who will be in charge of signing documents and making large decisions Step 3 - Destiny's Weddings - Put everything in writing -Disadv. partners might have a disagreement which may lead to a failed business Thanks for watching! :) - Disadv. general partnerships dissolve if one of the partners dies, retires or withdraws - choose a business name that helps create an image you can use in all documents (logos) - consider all the pros and cons - Adv; partners can leave or be replaced without ruining the business - Disadv. partners would have a limited role in managing the company - Disadv. it might be hard to find a suitable partner that you can work with - A2Z Construction (renovators) - decide on the legalities including the rights and obligations of every partner Step 1 - Brooks Barrister and Solicitors (law) - make sure everybody understands their position and duties before signing anything - A wedding planning business - decide in advance which partners will hire employees - 5 partners - Lawyers specialize in different areas of law such as civil, divorce, real estate, corporate and family - Adv. partners share responsibilities and lighten the workload - hire a lawyer to make a contract - Girlfriends (salon) Step 5 - you might be required to file for permits or licenses for your company Step 2 Step 4 - when partners are only responsible for paying back the amount they invested - Adv. partners have a lot of flexibility in their work hours and vacation timings - Adv. businesses that have partners with different talents are very successful - Disadv. partners need to able to trust eachother, if trust is broken then it could end in a failed business

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