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Why would it be better to be in a partnership?
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18 votes
18 votes
Why would it be better to be in a partnership?

User Matphy
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2 Answers

15 votes
15 votes

Answer:

Each partner will bring their own knowledge, skills, experience and contacts to the business, potentially giving it a better chance of success than any of the partners trading individually. Partners can share out tasks, with each specialising in areas they're best at and enjoy most.

Step-by-step explanation:

I hope it helps

User Eduard Kolosovskyi
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2.8k points
10 votes
10 votes

Answer:

A partnership is easy and inexpensive to establish

the business benefits from pooled knowledge and skills of different partners

the workload is shared

more partners can be added,which could help increase capital

partnerships are not compelled by law to complete audits on financial statements

Step-by-step explanation:

User Kurast
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