Weaknesses in Commercial Commerce
Misunderstandings or disputes between partners and partners will make the commercial design and travel and may lead to the dissolution of the partnership.
Liabilities that are usually not limited will cause individuals / partners to lose their personal assets if the business faces problems in paying back its debts.
The mistakes of a joint venture partner will bind the partners of other joint ventures. This is because each partner has the same responsibility for the partnership. All losses will be borne together even if caused by only a joint venture partner.
Commercial partnership is impermanent. If a joint venture partner becomes unconscious, bankrupt or dies, the partnership may have to be dissolved.
Capital accumulation is still limited in the environment of a maximum of 20 people. Then the development of commerce is dependent on this limited source of capital.
The characteristics of partnership trade are
Kongi Partner Ownership
the partnership is defined as the relationship between two or more people who carry out joint commerce to obtain profits.
joint venture partners are in the environment of 2 to 20 people (generally).
for a bank or stock broker partnership, the number of partners does not exceed 10 people.
for partnerships involving professions such as lawyers and akauntans, partnerships do not exceed 50 people.
a trip to a partnership is stipulated under the 1961 Agreement Act.
The commercial trade was also conquered under the 1956 Commerce Registration Act.
Kongi's colleague
may be written orally.
usually forming a joint agreement in the form of a partnership agreement called a partnership agreement to avoid disputes.
The contents of the agreement include the name of the firm, the names of all partners, types and places of trade, profit / loss sharing ratio, allocation of rights and responsibilities of the partners, how to run the trade and how the partnership will be finalized.
a partnership may be without agreement but it is subject to conquest in the 1961 Agreement on Deed.
Also Read Articles That May Be Related: Definition of Trading Commodities - Characteristics, Type, Fuel, Industry
Basic Forms of Business Ownership
Even though the forms of business ownership vary by country, there are several forms that are considered common, such as:
Private company
A private company is a business that has ownership in one person. Individual company owners have unlimited responsibility for company assets. In a sense, if the business suffers a loss, the owner is obliged to bear all the losses.
Partnership
Partnership is a business where two or more people work together to operate the company as profit income. As with an individual company, each partner (member of the alliance) has unlimited responsibility for company assets. And a partnership company can be divided into two, namely limited partnership and firm.
Company
The company is a business whose ownership is held by several people and overseen by a board of directors. Each owner has limited responsibility for company ownership.
Cooperative
Cooperative is a business whose members are legal entities of cooperatives or people by basing their activities on the principle of cooperatives and at the same time as a people's economic movement that has a family principle. Cooperatives have a goal as a welfare of its members. The main characteristic of cooperatives is to differentiate other business entities, namely cooperative members have multiple identities, meaning that cooperative members are owners and users of cooperative services.