With reference to relevant authority, indicate whether a partnership is recognised as a separate entity apart from the partners in terms of South African law.​

Respuesta :

According to the laws of South Africa, a partnership is not recognized as a separate entity apart from the partners.

What is a partnership?

A partnership is a business relationship that exists among partners who come together for a business mission: to make and share profits and losses.

A partnership as a business structure depends on the partnership agreement.  In the absence of an agreement, the general partnership rules are applied when conflicts arise.

Thus, according to the laws of South Africa, a partnership is not recognized as a separate entity apart from the partners.

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