Question

After admission what rights does the partner gets?

Options

• Right to share future profits of a company.

• Right to share in the assets of the firm.

• Right to share stock of a firm.

• None of the above

Answer 1

Right to share future profits of a company.

Explanation:

Following admittance, the partner has two rights:

• Right to a portion of a company's future profits.
• Right to a share of the company's assets.