A partnership is a for-profit business association of two or more persons. Because the business component is defined broadly by state laws and because “persons” can include individuals, groups of individuals, companies, and corporations, partnerships are highly adaptable in form and vary in complexity. Each partner shares directly in the organization’s profits and shares control of the business operation. The consequence of this profit sharing is that partners are jointly and independently liable for the partnership’s debts.
Royal Mountain Travel is Nepal's leading tour operator, specialized in a variety of tours, hikes, treks and expeditions in Nepal, Tibet and Bhutan. We also offer a wide range of activities like yoga, safari's, rafting, paragliding, cycling and motorcycle rides.