Paper Contents
Abstract
This paper explores the legal, economic, and strategic aspects of business partnerships in India and globally. It analyzes various partnership typesgeneral, limited, and LLPand compares relevant laws like Indias Partnership Act (1932) and LLP Act (2008) with UK and US frameworks. Economically, partnerships play a vital role in SME growth, especially in India. Strategically, they enable resource sharing, innovation, and joint ventures. Real-world examples, including Easexpense LLC, illustrate how partnerships combine capital, skills, and networks. The study includes case studies, legal comparisons, and tools like a sample partnership deed and SWOT analysis, making it a practical guide for students and policymakers.
Copyright
Copyright © 2025 Rishabh. This is an open access article distributed under the Creative Commons Attribution License.
