THE PROBLEMS OF PARTNERSHIP BUSINESS IN NIGERIA(A CASE STUDY OF ESCO

THE PROBLEMS OF PARTNERSHIP BUSINESS IN NIGERIA(A CASE STUDY OF ESCO

ABSTRACT: This research is aimed at identifying the problems of partnership business in Nigeria and how to sole some of them. This as an attempt to present the frame work which will help various group of persons in partnership businesses and others desiring to become one to have a clear understand of some the problem they are to encounter in the business, especially those of them who are in a haste to form one without understanding the terms of the business neither having any form of agreement. Worthy to mention is the funding which constitute a lot of problems, lack of good planning and good management techniques not being applied which often militate against the progress of the partnership business. In terms of organization this work is divided into five chapters enumerated as follows. Chapter two: deals with the subject matter under review with reference to books of other authors, published journals, magazine of different opinion. Chapter three: Discuss the methods of research the researcher embarked upon with the various instruments used in carry out the work. Chapter four forms the core of this research. Data’s collected were presented, analysed and interpreted and the hypothesis tested. Summary of the findings, implications, conclusion and recommendations. A list of bibliography and an appendix are provided at the end of this chapter for further classification and information on this study.

TABLE OF CONTENT

CHAPTER ONE

1. Introduction 1
2. Statement of problems 2
3. Aims and objectives 6
4. Significance of the study 7
5. Statement of the hypothesis 8
6. Scope and limitation of the study  9
7. Definition of terms 11

CHAPTER TWO

1. Literature review 12

2.1       General nature of partnership business 16

1. Historical views of partnership business 17
2. Definition of partnership 18
3. Types of partners 19
4. Banking of partners 20
5. Kinds of partnership 23
6. Applicable laws of partnership in Nigeria 26
7. Special characteristics of partnership business 28
8. Formation and operation of partnership 29
9. Formation procedures 29
10. Partnership deed 31
11. Power and liabilities of partners 33
12. Advantages and disadvantages of partnership 35
13. Limitation to partners’ liabilities 36
14. Dissolution and winding up of partnership 37
15. Conclusion 42

CHAPTER THREE

1. Researcher meteorology and design 43

3.1       Introduction 43

1. Research design 43
2. Data collection instrument 44
3. Primary data sources 44
4. Secondary data sources 46
5. Population description 46
6. Method of analysis 47

THE PROBLEMS OF PARTNERSHIP BUSINESS IN NIGERIA(A CASE STUDY OF ESCO