0
- easy formation
- large resources
- diverse skills and expertise
- flexibility of operations
- sharing of risk
- benefits of unlimited liability
- promptness in decision making
- close supervision
- reduced management cost
- secrecy
- protection of minority interest
- relationship between effort and reward
Wiki User
∙ 11y ago
Wiki User
∙ 9y agoOne advantage to having a partnership is the fact that you will not have to pay double taxes. With some corporations, taxes are paid at the corporate level and the personal level.
Add your answer:
Earn +20 pts
What are the advantages of partnership?
specialization
What are advantages of partnership business?
In a partnership business there are two or more partners. One of the main advantages is the low startup cost.
What advantages does a partnership have over a sole partnership?
The responsibility is shared.Burden of dept can be shared.
What has best tax advantages a Partnership or corporation?
== ==
What were the advantages of corporations over partnership?
coreyscott
The advantages and disadvantages of a partnership?
One disadvantage to having a partnership is the fact that you have to share your profits. An advantage to having a partnership is the fact that if the business fails you can share the losses.
What is the advantages of partnership?
The advantages of a partnership is that you would have someone else to share the burden with. They would also be responsible for half of everything, whether good or bad.
Dis advantages of being a partnership?
abual you idoit why were you sucking goose
What are the advantages of the partnership form of business?
With a partnership you don't have to stress over every decision. You and your partner can share the decision making process.
What advantages does a partnership have over a sole proprietorship's?
The responsibility is shared.Burden of dept can be shared.
What are the advantages and disadvantages of a partnership businesses?
Some advantages of a partnership business is that the gains and losses are shared, you share the resposibilities, and it's easy to set up. But some disadvantages to a partnership business is that each partner is 'jointly and severally' liable for the partnership's debts; that is, each partner is liable for their share of the partnership debts as well as being liable for all the debts, there is a risk of disagreements and friction among partners and management, and each partner is an agent of the partnership and is liable for actions by other partners
Advantages of joint-venture over partnership?
If taxed as a partnership why is a joint venture different. why is it not considered a partnership too Can a member of the joint venture spend whatever they want without consulting the other member
