Illegal partnerships

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Updated: Aug 20, 2021

Partnerships formed for illegal purposes are void ab initio. As a general rule, partnerships consisting of more than twenty persons are illegal: such businesses must be registered as companies. Larger partnerships of acountants, solicitors and stock-brokers are permitted (UK Companies Act 1971).

Reference: The Penguin Business Dictionary , 3rd edt.



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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.