Chapter 1.00 Introductions 1.

1 Origin of the Report As we are doing Business Law, our course instructor Mohammad Ahshanullah has instructed us to prepare a paper on the partnership law. For this reason we make partnership business. 1.2 Purpose To get a clear concept of partnership law. To acquire knowledge how to form partnership business. 1.3 Limitations We tried to gi e our full effort, but still there are some limitations in our stud!. Those are gi en below" a. We did not collect the current information related with our ser ice b. Limitation of cost. 1.4 RESE RC! "E#!O$OLO%&

1.4.1 Primar' $ata" We collect primar! data from sur e! and obser ation. 1.4.2 Secondar'" To prepare this report we also used secondar! data which are collected from
internet, newspaper, and from books.

1.4 (usiness Profi)e We are going to form a partnership business. There will be si$ members in the business. The nature of this business is to transport ser ice toward the corporate member. The name of this partnership firm is %&ommon Bus 'er ice(. )ur target customer will be school, college student and corporate people. This ser ice will pro ides to the Mirpur Moti*heel, +hanmondi, ,ulshan, Mohakhali, 'a ar, -atrabari, .ttara / man! area. We want to in est 011111 each partner, and we also determine share our profits equall!, and also share our loss equall!. We ha e a proper agreement that follows the rules and regulations of the partnership law. All the partners ha e signed a formal deed of our partnership agreement. We all the people are adult person we make an option in our deed that is we can add a minor as a partner. We make our partnership business in registration office. 'o we are now go ernment register partnership firms. And we build this partnership to make profit. )ur intention is to profit earn from this business. We also di ided our profit equall! as per deed and also bear the losses. We all are acti e partner. 2 er! one knows their responsibilit!. 3n our partnership agreements if an! one can die or breach the contract, business can dissol e. Chapter 2.00 Legal Aspect of the Business 2.1 *ormation of the (usiness Before start our %&ommon Bus 'er ice( we want to ensure sections 4 of the partnership act are" We are 5 members with sound mind and ha e the capabilit! to sign a contract. 6o minor people in our agreement. All the partners ha e signed a formal deed oluntar!. 3n our partnership business, all the partners ha e in ested equal amount of capital and we will share the profit or loss of the business equall!. All the partners are acti e partners. The! all are equall! participating in the business. )ur business is not for a fi$ed period of time neither an! pro ision has been made as to when and how the partnership will come to an end. 'o we can describe our firm as a 7artnership8at8will.

2.2 #he Partnership greement )ur partnership agreement is written document on stamp paper. 2.3 +ame of the partnership We follow the legal restrictions for naming our partnership business" As far as we know, there is no other bus ser ice as like ours. )ur concept is prett! unique and new in Bangladesh. 'o there is no chance of fraudulentl! impl! that our business is the same as other competing firms. %&ommon Bus 'er ice( as our firm name that indicate we follow the partnership act.

As we are doing a legal business, there :ero chance of our agreement to be oid.

2.4 Registration of the *irm )ur partnership business %&ommon Bus 'er ice( should be registered under partnership act, to a oid an! unfa orable circumstances like ; A partner of a unregistered firm cannot file a suit 6o suit can be filed on behalf of an unregistered firm against an! third part! An unregistered firm cannot claim a set8off in a suit To register our firm here we follow section <=58>#? of the partnership act" The firm name <&ommon Bus 'er ice? The place of business of the firm <Mohakhali? The name of an! other place where the firm carries on business <Mirpur / *atrabari? The date when each partner *oined the firm < #4th April, 91#1? The names in full and permanent addresses of the partners 9. Md. Ahsanul 3slam 0B, Bibirbagicha, -atrabari +haka8 #914 4. Camida Dahman 6urses Costel <Tinshed? Mitford Cospital, +haka 5.Md.Tan ir .ddin =1,goalghat lane +haka8##11

#. 6asir Mohammad Fahim 494@c, Ahilgaon &howdhur!para +haka8#9#B 0. 2mam Cossan 94B@E katasur, Mohammedpur +haka8 #91> =. 'abran ferdous #95,shershasuri road. Mohammadpur.dhaka

The duration of the firm <our firm has unlimited duration?

2., Right of Partner-s .nder section #98#0 of partnership act e er! partner in the business en*o!s these rights" 2 er! partner has a right to take part in the conduct of the business. 2 er! partner is bound to attend diligentl! to his duties in the conduct of the business 2 er! has a right to ha e access to and to inspect and cop! an! of the books of the firm A partner is not entitled to recei e remuneration for taking part in the conduct of business 7artners are entitled to share equall! in the profit earned and shall contribute equall! to the losses sustained b! the firm

3f an! partner earn an! personal profit b! using the propert!, name, goodwill of partnership firm. Ce or she must share the profit with all the partners.

2.. Reconstitution of the *irm / Rights of an Outgoing Partner0 The reconstitution of our firm ma! be changed b! the introduction of a new partner, death, retirement, insol enc! and e$pulsion partner or b! the transfer of a partnerFs share to the outsiders. A new partner can be introduced onl! with the consent of all the partners. The share of profit which a new partner is entitled to get is fi$ed at the time he becomes a partner. Ce will liable for all the debts of the firm after the date of his admission but he will not responsible for an! act of the firm done before he becomes a partner. When the partner of our firm is ad*udicated an insol ent, he ceases to be a partner from the date on which the order of ad*udication was passed b! the court. A partner of our firm ma! transfer his interest of the firm to an outsider. The transfer ma! be absolute or partial. The interest ma! also be sold to a third part! in e$ecution of a decree of a court. The transferee in such case gets er! limited rights o er the firm. B! a special agreement among all the partners, an outgoing partner ma! be pre ented from carr!ing on a similar business within a specified period or within specifie local limits. 3f there is no restraining agreement, an outgoing partner ma! carr! on a business competing with that of a firm and he ma! ad ertise such business. Where an! member of our firm has died or otherwise ceased to be a partner, and he sur i ing or continuing partners carr! on the business of the firm with the propert! of the firm without an! final settlement of accounts as between us and the outgoing partner. 2.1 $isso)ution of *irms As our partnership form depends on trust, so it ma! terminate an! time. For this reason we prepare a dissolution procedure. Those are gi en below" An! partner can terminate the business through agreement under section 41. 3n our business process there is no scope to make an! unlawful act. 3f it happens then we are bound to terminate the business under section 4#. .nder section 40 an! partner can dissol e business b! notice

. $isso)ution 2' the courts0

An! partner can file a suit for dissolution, if a partner has become of unsound mind. 3f an! partner becomes permanentl! incapable of performing his duties as a partner <like paral!sis?. Cere we will follow the section 44. 3f an! partner make an! unlawful act that affect the business. That partner will be cancel. And we will follow section 44 laws. 3f a partner willfull! and persistentl! commits breach of the partnership agreement. 3n our partnership formation there is no scope of sub partner.

Chapter 3.000 O23ecti4es and Issues 3.1 "ar5eting O23ecti4es0 We want to be no.# trustable &ompan! in this sector. After one month, we are collecting our performance re iew and satisfaction le el of our customers. +i ersification in our ser ice line. We want to create social alue for position in customers mind.

3.2 *inancia) o23ecti4es0 to achie e number of ser ice in the first quarter to achie e 01G market share Maintaining a significant maintenance budget. +ouble profit will be earned within 0 !ears. 3ncreasing ser ice 3n esting more in securit! purpose.

Chapter 4.00 "ar5eting Strateg' From our marketing anal!sis we found that in the market this kind of special bus ser ice is not a ailable. 'o our competitor is onl! local bus and cit! ser ice bus. Cere is a huge scope to make profit. 3n the initial stage we make campaign in corporate office, school, college and uni ersit! for ad ertising purpose. ,i e leaflet in pubic transportation. Chapter ,.000 (udget 3n this section we make e$pected budget of ser ice and cost monthl! and !earl!. We count break e en point on the basis of number of ser ice pro ided. We also present our e$pected ser ice re enue and profit. )ur ma$imum ser ice charge is #E11 tk. And minimum charge is 511 tk. And a erage charge is #011 tk.. E6pected Ser4ice forcast E6pected Cost (udget

$i4ision Mirpur

=uarter)' &ear)' 7nit t5 7nit 011 0B1111 #911 #=5111 4E1 =45111 #5E1

Latrabari #91 Total 491

#5 #=5111 1 594111 9#E411 1

Per 7nit Cost <Fi$ed cost H Iariable cost? 7er unit &ost J .nit 7roduction <B=1111 H E11111? J #14#.5> Tk. #5E1 (rea58e4en 7nit Sa)es 9&ear)': 7er .nit 'ales 7er .nit Iariable &ost 7er .nit &ontribution #4 Tk. ##.=Tk 9.=Tk. Fi$ed e$pense 6ow, B 2 ' in .nit J 7er .nit &ontribution 9, 41, 11,111 J 9.= J B5, 11,111 unit. #5, #9, E1,111 #0, 94, E1,111 #'pe of Cost Iariable Fi$ed Total Re4enue 2; <<; 00;000 "onth)'9#>: E11111 B=1111 #>=1111 E6pected Re4enue 9&ear)': 'ales <#, #=, 91,111K #4? Iariable &ost

E6pected Profit 9&ear)': De enue <8? Fi$ed e$pense Profit 9, EE, 11,111 9, 41, 11,111 4<; 00;000

Profit and Loss ccount 9For the !ear ended at *une0#, 91##?

Chapter ..00 S?O# na)'sis Strength0 Less competitors 'trong legal background Trust 7oor labor cost

?ea5ness0 6ew organi:ations Lack of management Acceptable rules and regulation of the business

Opportunit': Bus ser ice is a ailable but school bus ser ice is not a ailable. ,o ernment encourage this kind of business because in the time of opening and closing of school creates huge traffic *am.

#hreats: 3f go ernment is increase the ta$es then it will be the threats for the compan! The bus ma! not be accepted to the customer then it will be the great threats for the compan!. The ser ice competitor is e$isting school bus and BDT& school bus ser ice, which can be threats of the compan!.

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&ompan! establishment rules and regulation is strict thatFs wh! sometimes to take an! eas! decisions are create complicated situations.

Chapter 1.00 Conc)usion As we are registered firm, we ha e a strong legal entit! compare to unregistered firm. 2 er! member willing full! starts this business and participates cooperati el! in operation. 3tFs make the business successful. We also think that our business polic! will help to reduce traffic *am as well as sa e our en ironment from different kind of pollution. But itFs er! effecti e to sa e our time.

Reference:
(oo5s0 'en / Mitra 200. %&ommercial Law 3ncluding &ompan! Law and 3ndustrial Law( edition, world press pri ate limited, page 94E89E=. 9=th

#a2)e of Content
&hapter #.11 3ntroductions...............................................................................................................# #.# )rigin of the Deport ..............................................................................................................# #.9 7urpose...................................................................................................................................# #.0 Limitations.............................................................................................................................# #.4 D2'2AD&C M2TC)+)L),M ......................................................................#

#.4 Business 7rofile.....................................................................................................................9 &hapter 9.11 Legal Aspect of the Business.....................................................................................9 9.# Formation of the Business.....................................................................................................9 9.9 The 7artnership Agreement...................................................................................................9 9.0 6ame of the partnership .......................................................................................................9 9.4 Degistration of the Firm.........................................................................................................0 9.= Dight of 7artnerFs ..................................................................................................................0 9.5 Deconstitution of the Firm / Dights of an )utgoing 7artner"...............................................4 9.> +issolution of Firms..............................................................................................................4 B

&hapter 0.11" )b*ecti es and 3ssues ...............................................................................................= 0.# Marketing )b*ecti es"............................................................................................................= 0.9 Financial ob*ecti es"..............................................................................................................= &hapter 4.11 Marketing 'trateg!.....................................................................................................= &hapter =.11" Budget ......................................................................................................................= &hapter 5.11 'W)T Anal!sis..........................................................................................................> &hapter >.11 &onclusion..................................................................................................................E Deference"........................................................................................................................................E

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