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Having a partnership in business can help in several ways. The first being: one partner may have one set of talents and the other may have another set of talents. If you combine those two together, this will allow the flow of ideas to come out. Another benefit is that if you have a buy-sell agreement in a business partnership, the business will stay alive if the other partner passes on or becomes unable to work the business

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Q: What are the importance of business partnership?
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Dissolution of partnership means the shut down of partnership business and sale of all assets of business and clearance of all the liabilities of the business.


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The US has a trade partnership with Canada.He entered into business partnership with his best friend.