Partnerships are voluntary combinat

Partnerships are voluntary combinations of from 2 to 20 persons formed for the purpose of
carrying on business with a view of profit. This type of organisation represents a logical development
from the one-person business since the obvious method by which such a firm may acquire further capital
is to form a partnership. The motive, however, may not be financial and partnerships are often formed in
order to bring new ability and enterprise into the business.
The partners usually share in the task of running the business, but a partner need not play an
active role. A person who joins a partnership, supplying capital and sharing in the profits, but taking no
part in the management is known as a dormant or sleeping partner. Partnerships are a common form of
business organisation in such professions as law, accountancy, surveying, and medicine.
The advantages of this type of firm are similar to those of the one-person business. It is a flexible
organisation which allows a greater degree of specialisation than the one-person business. Partners
usually specialise in one or more aspects of the business; one may be responsible for buying, one for
selling, one for production, and so on. Since it has greater access to capital, it can achieve greater size
than the sole proprietor.
The great disadvantage, like that of the one-person business, is the fact that the liability of the
partners is unlimited and they are all fully liable for the acts of the other partners. There are, however,
some limited partnerships which have to be registered with the Registrar of Companies. In such firms
some partners (e.g. dormant partners) may have their liability limited to some specified sum, but at least
one of the partners must have unlimited liability.
The survival of a partnership depends upon the continued harmonious relationship between a
number of people in situations which often give much cause for disagreement. Thus, where trading risks
are very great, the partnership is not a very stable type of organisation.

Результаты (русский) 1:

Partnerships are voluntary combinations of from 2 to 20 persons formed for the purpose of carrying on business with a view of profit. This type of organisation represents a logical developmentfrom the one-person business since the obvious method by which such a firm may acquire further capitalis to form a partnership. The motive, however, may not be financial and partnerships are often formed in order to bring new ability and enterprise into the business. The partners usually share in the task of running the business, but a partner need not play an active role. A person who joins a partnership, supplying capital and sharing in the profits, but taking no part in the management is known as a dormant or sleeping partner. Partnerships are a common form of business organisation in such professions as law, accountancy, surveying, and medicine. The advantages of this type of firm are similar to those of the one-person business. It is a flexible organisation which allows a greater degree of specialisation than the one-person business. Partners usually specialise in one or more aspects of the business; one may be responsible for buying, one for selling, one for production, and so on. Since it has greater access to capital, it can achieve greater size than the sole proprietor. The great disadvantage, like that of the one-person business, is the fact that the liability of the partners is unlimited and they are all fully liable for the acts of the other partners. There are, however, некоторые ограниченные партнерские отношения, которые должны быть зарегистрированы с регистратором компаний. В таких фирмах Некоторые партнеры (например, спящие партнеров) могут иметь свою ответственность только некоторые указанную сумму, но по крайней мере одним из партнеров должны иметь неограниченную ответственность. Выживание партнерства зависит от продолжения гармоничных отношений между число людей в ситуациях, которые часто дают много причин для разногласий. Таким образом, где торговые рискиочень велики, партнерство не является очень стабильной тип организации.