A partnership (or firm) consists of two or more partners.
An agreement is inferred at law, however in practice many partnerships have a written partnership agreement detailing the relationship.
All partners are entitled to share in the capital and profits of the partnership and to contribute towards any losses equally, unless otherwise agreed.
Other types of worker include:
These are individuals who enter into a contract with an ‘agency’ to undertake work for the agency’s client. The worker provides services to the agency’s client and works under the control of the client. It is very unlikely that the law will find that the individual is either an employee of the agent, because no […]
Read moreEmployees comprise the largest group of individuals working in the UK. They work under an employment contract, which is also called a contract of service. Both employer and employee will have terms implied into the employment contract. Employees have wider responsibilities towards their employer. They enjoy a broad range of employment protection rights, for instance […]
Read moreAn office is a permanent position which exists independently of the person who fills it. It exists as part of a wider constitution of rights and responsibilities and many offices have some degree of public relevance. An example of a public office holder is a police constable. Company directors are office holders because their powers […]
Read moreA partnership (or firm) consists of two or more partners. An agreement is inferred at law, however in practice many partnerships have a written partnership agreement detailing the relationship. All partners are entitled to share in the capital and profits of the partnership and to contribute towards any losses equally, unless otherwise agreed. Other types […]
Read moreWhere an individual works for themselves they will derive little protection from employment legislation. They operate in business for themselves, trading with a number of clients. A self-employed person in business has control over the delivery of their goods and services, with the opportunity to profit from their activities. They have to bear the financial […]
Read moreWorkers comprise the widest group and they include employees. They perform the work personally and are not able to send substitute workers in their place. A worker’s rights are less extensive as compared to an employee’s rights. Some of the rights of a worker include National Minimum Wage, statutory paid holiday, 48 hour working week, […]
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