THE PROBLEMS OF PARTNERSHIP BUSINESS IN NIGERIA (A CASE STUDY OF ESCO & CO WARRI DELTA STATE)

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 wok. 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 CONTENTTitle page iApproval iiDedication iiiAcknowledgmentivAbstract vTable of content vii
CHAPTER ONE 1.0Introduction1 1.1Statement of problems2 1.2Aims and objectives 61.3Significance of the study 71.4Statement of the hypothesis 81.5Scope and limitation of the study  91.6Definition of terms 11

CHAPTER TWO 2.0Literature review 122.1General nature of partnership business 162.2Historical views of partnership business 172.3Definition of partnership182.4Types of partners 192.5Banking of partners 202.6Kinds of partnership 232.7Applicable laws of partnership in Nigeria 262.8Special characteristics of partnership business 282.9Formation and operation of partnership 292.10Formation procedures 292.11Partnership deed 312.12Power and liabilities of partners 332.13Advantages and disadvantages of partnership 352.14Limitation to partners’ liabilities 362.15Dissolution and winding up of partnership 372.16Conclusion 42
CHAPTER THREE 3.0Researcher meteorology and design 433.1Introduction 433.2Research design 433.3Data collection instrument 443.4Primary data sources 443.5Secondary data sources 463.6Population description 463.7Method of analysis 47
CHAPTER FOUR 4.0Presentation and Analysis of data 484.1Data analysis 484.2Presentation and interpretation of data 4.3Test of hypothesis 
CHAPTER FIVE 5.0Summary, Findings, conclusion and recommendation 5.1Findings 5.2Conclusion 5.3Recommendations Bibliography Appendix