Advantages and disadvantages of partnerships

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  • Created by: Nabeel333
  • Created on: 18-06-15 07:38
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  • Advantages of a partnership
    • Risks will be shared out eg. Debt
    • Ideas and support from each other to reduce the workload and improve productivity
    • Financial support from both partners can increase the expansion of the business
  • Disadvantage of partnerships
    • Profit is Shared
    • If one partner dies then the partnership would end
    • Bad decisions of one partner will affect the other partner
    • Advantages of a partnership
      • Risks will be shared out eg. Debt
      • Ideas and support from each other to reduce the workload and improve productivity
      • Financial support from both partners can increase the expansion of the business

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