are you talking about buisiness mergers, or marriage, or perhaps a buisiness partner, like in a law firm?
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
With a proprietorship, a business owner can make decisions quicker. In a partnership, the owners have to come to a consensus, which can take a lot of time.
Generally dis-advantages...double taxation on earnings at least. Business 101.
Taxation is a source of money for the state budget. Makes it possible to finance education, police, fire department, offices, etc.
he is the sole propritor of a partnership
specialization
Alan J. B. Aronsohn has written: 'Partnerships and income taxes' -- subject(s): Partnership, Taxation 'Partnerships' -- subject(s): Partnership, Taxation
In a partnership business there are two or more partners. One of the main advantages is the low startup cost.
Stephen Schwarz has written: 'Corporate and partnership taxation' -- subject(s): Taxation, Law and legislation, Outlines, syllabi, Corporations, Partnership, Outlines, syllabi, etc, Ondernemingsbelastingen, Vennootschapsbelasting
The responsibility is shared.Burden of dept can be shared.
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coreyscott
Alfred T. Spada has written: 'Dispositions of partnership interests-gifts, incorporations, etc' -- subject(s): Partnership, Taxation
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 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.
O. P. Wylie has written: 'Self-assessment' -- subject(s): Taxation, Partnership, Self-employed 'Taxation of the family' -- subject(s): Taxation, Law and legislation, Husband and wife, Family
abual you idoit why were you sucking goose