In a professional partnership, membership must be between
Answer Details
In a professional partnership, membership must be between 2 and 50.
A professional partnership is a type of business organization that is formed by two or more individuals who work together in a common field. This type of partnership is common in professions such as law, accounting, and medicine.
To form a professional partnership, there must be at least two members. This is because a partnership is a legal agreement between two or more individuals to carry on a business together and share in the profits and losses.
On the other hand, there is a legal limit to the maximum number of members that can form a professional partnership. This limit is usually set by the regulatory bodies governing the profession. In most cases, the maximum number of members is set at 50.
Therefore, in a professional partnership, membership must be between 2 and 50. The partnership must have at least two members to be considered a partnership, and cannot have more than 50 members due to regulatory restrictions.