The responsibility is shared.
Burden of dept can be shared.
The responsibility is shared.Burden of dept can be shared.
The recommendation from partnership to sole traders
One of the main disadvantage of partnership over sole proprietorship is that you cannot excercise full power over the decisions and need to get other partners/partner onboard.
coreyscott
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.
The responsibility is shared.Burden of dept can be shared.
No options are given to answer this question.
he is the sole propritor of a partnership
A sole proprietor is a person who is in business for themselves. A partnership is two or more people who are in business for themselves.
Partnerships can not be converted to Sole proprietorship.
Sole proprietorship is popular than partnership because of the little capital outlay.
With a partnership you don't have to stress over every decision. You and your partner can share the decision making process.