Home › CBSE Class 11 (Commerce) › Business Studies › Forms of Business Organisation › What is the minimum number of partners needed to…
What is the minimum number of partners needed to start a partnership firm?
AOne
BTwo
CFive
DSeven
Answer & Solution
Correct answer: B. Two
A partnership is a relation between persons, so at least two are needed.
Related questions
Ease of transferring ownership is greatest in which form, leaving out private companies?From an investor's viewpoint, which form is more suitable as its risk is limited?For a business needing a permanent structure, which form is more suitable?Which form of business is least expensive to set up?Why does a private company not need to issue a prospectus?Which words must a private company use after its name?What is the minimum number of members needed to form a public company?Free transfer of shares does not apply to which type of company?