THE PROBLEM OF PARTNERSHIP BUSINESS IN NIGERIAN
(A CASE STUDY OF ESCO AND CO, WARRI DELTA STATE)
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This project is aimed at identifying the problem of partnership business in Nigerian and how to solve some of the problem. This is an attempt to present the frame work which will help various group of persons in partnership business and others desiring to have clear understanding of some of the problem they will face in the business especially those that want to jump into it without understanding the terms of the business neither having any from of agreement. Worthy to mention is the function which constitute a lot of problem , lack of good planning and good management techniques which can work against partnership business. In terms of organization, this work is divided into five chapter which as following;
Chapter one: it gives the introductory analysis including the background of the study and the statement of the problem.
Chapter two: this deals with the subject matter under the review with reference to books of possible author and journals, magazines of different opinion.
Chapter discussed the method of the research, the research embarked upon and the various instrument used to carry out the work.
Chapter four: this form the core of the research, data collected were presented, analyzed and interpreted and the hypothesis tested, summary of the finding conclusion and the recommendation. A list of biography and appendix are presented at the end of this study for further classification and information on the topic matter.
TABLE OF CONTENT
1.2 Statement of the problem
1.3 Objective of study
1.4 Significance of study
1.5 Statement of the hypothesis
1.6 Scope of the study
1.7 Scope of the study
1.8 Definitions of terms
2.1 Review of the related literature
2.2 General natures for the partnership business
2.3 Historical view of partnership business
2.4 Definition of partnership
2.5 Type of partnership
2.6 Kinds of partnership
2.7 Special characteristics of partnership business
2.8 Formations and operation of partnership
2.9 Powers and liability of partners
2.10 Advantaged and disadvantage of partnership
2.11 Limitation to the partnership liability
2.12 Dissolution and winding up of partnership
3.1 Research design and methodology
3.2 Source of data
3.4 Secondary data
3.5 Sample used
3.6 Method of investigation
4.1 Data analysis and interpretation
4.2 Data presentation and analysis
4.3 Test of hypothesis
SUMMARY, FINDINGS, CONCLUSION AND RECOMMENDATION
5.1 Summary of the findings
APPENDIX / QUESTIONNAIRE
Long ago, many Nigerian have engaged them in one or tow business entity to promote the economic growth and to earn a living. Unfortunately it have been observed from the past analysis and experience that most of them are not living up to the expectation. In view of this it is important to carry out a research analysis on problem and prospect of business to know or uncover the reason behind their business. It is a pity that immediately any thing business is mention, the only thing that comes to the mind of a typical Nigerian is buying and selling of goods but business if broader than that. Business means any lawful activity one engages on to satisfy peoples wants and needs to earn a living. For the purpose of this research, I want to narrow out minds to business as any profit directed economy or commercial activities that provides goods and services necessary to a nation standard of living.
Business ownership can be classified into two basically:
- Public enterprise and
- Private enterprise
The private comprise of sale proprietorship, cooperative society and partnership etc.
In this research work, we are going to concentrate mainly on issue that concerns the partnership business.
According to Boron Donan (1976) partnership can be defined as a business relationship between two or more persons who jointly own and manage a business. The maximum number is usually 20 persons. The following problem lead to the formation of a sole proprietorship and others
- Delay in the decision making process
- Crisis of confidence
- Chained activity all new members to the old ones etc.
STATEMENT OF PROBLEM
A large proportion of the business entities in this country are face with similar problems. This problem hinders partnership business and thereby causing their contribution to the nation economic development limited. Some of this problem is;
- Poor source if fund
- Poor feasibility study
- Absence of rules and regulation
- Inability to differentiate between personal and business affair
- Negligence on the part of some partners
Wrong decision taking without cons