1)Formation costs are low
2)Partners are able to raise more capital than an individual
3)No subject to government control
4) partners able to pool resources & share expenses
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.
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sole proprietorship, corporation, and partnership
sole proprietorship, corporation, and partnership
if your name is abu you can go suckgooose and please leave ismail alone
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.
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 advantage of a partnership over a corporation is that partnerships have simpler and more flexible management structures, allowing partners to make decisions more quickly and easily.
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The responsibility is shared.Burden of dept can be shared.
All partners have to agree with echother when makeing business decisions.
The responsibility for the business is shared
Corporations have limited liability.
There are a number of advantage of partnership business. The process of making decisions is shared, there is also shared liability in the business among other things.
Hui means group, kōko'olua is a partnership of two, kōko'okolu is of three.
The advantage of having a phone is that it makes communication much easier and faster.
advantage is nothing... :)