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How many owners are in a partnership business?

Submitted by LegalWizin on Fri, 05/21/2021 - 05:20

In any partnership firm there must be minimum 2 partners and maximum of 50 partners. If there are more partners then one can form a Limited Liability Partnership or a Private Limited Company. In an LLP there can be unlimited partners but in a private limited company there can be 200 members.

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