firm

Firm is a form of business partnership consisting of two or more people with common names are evenly split responsibility is not limited to any owner.

characteristics and nature of the firm:

- If there is a debt unpaid, then each owner shall pay the personal property.
- Each member of the firm has the right to be a leader
- A member is not entitled to enter the new member without the permission of the other members.
- Membership inherent firm and valid for life
- A member has the right to dissolve the firm
- Establishment does not need the certificate of incorporation
- Easy to obtain business loans