Final answer:
Partners can be given a positive opening capital balance without investing intangible assets, through goodwill, services, or promissory notes. Partnerships offer ease of establishment, tax advantages, and the ability to protect personal assets in an LLP. Early-stage firms often offer potential and innovation to attract financial capital.
Step-by-step explanation:
It is indeed possible to invest no intangible assets into a partnership and still be given a positive opening capital balance. This scenario can happen when partners bring different types of resources into the partnership. While one partner might bring tangible assets (such as cash, equipment, or property), another partner may contribute services, expertise, or a strong business network which is recognized as goodwill and assigned a monetary value in the partnership agreement. Additionally, the initial investment could also be in the form of a promissory note to contribute a certain value in the future or on an ongoing basis.
Some positive aspects of a partnership include the ease of startup with a partnership agreement, straightforward management, no special taxes, and the ability to attract investors. A limited liability partnership (LLP) can provide extra benefits, such as protecting partners' personal assets from the business's debts. Early-stage firms might struggle to raise financial capital without profits, but their innovative ideas and potential can attract investors willing to take on the risk for future returns.