Zeeshan started a small business of ready-made garments by taking a shop on rent. When the business became stable, Zeeshan brought his younger brother Ziad in the business for his help on 25% profit sharing basis only. Soon, with the hard work of both brothers, their business expanded and they wanted to purchase a larger shop for their growing business. Zeeshan neither wanted to borrow money nor wanted to take bank loan. After much thinking, he decided to invite one more partner in his business for expansion. Awais, a friend of Zeeshan, left the country some years ago, is nowadays living in Germany where he is doing job in a multinational organization. Zeeshan discussed his plan of expanding the business with Awais and he immediately agreed to invest on 50% sharing basis in the business and do not want to reveal his name. At the initial stage, they owned only one large shop but due to success of the business in the new place, further expansion was required; after thoroughly thinking, Zeeshan asked his youngest seventeen-years-old brother (Waqar) to join them in ready-made garments business after his college classes. Waqar agrees to join them on 10% profit sharing basis.
After reading above case, mention the type of partner in the below table:
We non-commercial site working hard since 2009 to facilitate learning Read More. We can't keep up without your support. Donate.
We are user-generated contents & non-commercial site. All product, videos, pictures & others contents on site don't seem to be beneath our Copyrights & belong to their respected owners & freely available on public domains. All Contents on site are for personal & non-commercial use.We believe in Our Policy & do according to them. If Any content is offensive in your Copyrights then please email at email@example.com with copyright detail & We will happy to remove it immediately.