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Compare and contrast the different types of partnerships. Explain the advantages to a partnership. Explain the disadvantages.​
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11 votes
11 votes
Compare and contrast the different types of partnerships. Explain the advantages to a partnership. Explain the disadvantages.​

User Dangerisgo
by
2.5k points

1 Answer

27 votes
27 votes

Answer:

ADVANTAGE:

Less formal with fewer legal obligations

sharing burden

easy to get started

better decision making

knowledge, skills and experience

ownership and control

Step-by-step explanation:

DISADVANTAGE:

profits must be shared

personal demands

taxes

no independent status

limits on developing business

lack of disability

User Johntron
by
2.4k points
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