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The responsibility for the business is shared
Corporations have an easier time raising money to start or expand a business.
The risks of owning the business are divided among a group of people Study Island. :)
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One advantage of a partnership is being able to share the cost. One disadvantage is having to make sure the other person is okay with your ideas.
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.
The responsibility is shared.Burden of dept can be shared.
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manicurist in a salon
limited partnership a+
Corporations have limited liability.
All partners have to agree with echother when makeing business decisions.