A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. It has various advantages such as long term stability, easy to get start, more capitals etc. on the other side it has lots of disadvantages such as autonomy, decision, personally demanding, unlimited liabilities and profit.
Above all factors, a partner must to evaluate your prospective partner to ensure that he or she is a good match. A business partnership is a marriage
. And as with any long-lasting marriage, it's based on finding the right person, someone you trust, and enjoying being together within four walls.
There are various factors that lead to conflict between the parties which we are going to discuss in this study. The purpose of this study is to investigate the effects of factors such as autonomy, decision, personally demanding, unlimited liabilities and profit on partnership business unit.
The sample has been gathered through face to face or through call of different organizations in Pulwama, a small district in Jammu and Kashmir, India and it was found that maximum partnership business is not satisfy with their partners. Some statistical tools were used to find the whether there is any significant difference between the factors or not.