Firm

Firm

Matters relating to the firm include:

1. In membership, each member is entitled to be a leader

2. New members may not enter except with the consent of other members

3. Keanggottaan not be transferable to another person, as long as the member       is still alive

4. If the company's assets are not sufficient to cover the debts of the company, the personal wealth of allies / member firm of a guarantee

5. Associates and members who do not enter the capital but only labor alone, will get a share of profits or losses similar to allies or members that include the smallest capital, unless there is a provision laindalam deed of incorporation.

The merits of firm:

1. Survival of the company is guaranteed

2. The division of labor can be done based on the expertise of members

3. Capital accumulation can be obtained more

4. Easy to get credit from other parties

5. Risk lighter because shared

6. Permanent legal status

Vices firm:

1. Unlimited responsibility of the member

2. Difficulties in arranging stewardship (management)

3. Errors extract a firm ally should be shared

4. Differences of opinion of the members of the difficult decisions

5. There is no separation between the property of the member firm's proprietary