First Principles of Business Law
Business organisations in Australia

5. Partnerships

Question 5. Are there limits on the number of partners in a general partnership?

 

 

 

Read the statements below and select the best one.

(a) The Partnership Acts limit the number of partners in a firm to no more than 20 persons.

(b) The Partnership Acts do not limit the number of partners in a firm, but the Corporations Act 2001 (Cth) requires that a firm of more than 20 persons must become a company.

(c) There is no limit placed by legislation on the number of partners in a firm.

 

 

 

 

 

 

 

 

 

  
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