Advantages and disadvantages of partnerships

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  • Created by: Keshypops
  • Created on: 05-03-17 17:02

Advantages and disadvantages of partnerships

Advantages

  • Shared responsibility
  • Wide range of skills
  • Private financial information

Disadvantages

  • Disagreements are likely to happen
  • Unlimited liability
  • No continuity

Evaluation

Partnerships have shared responsibility and have a wide range of different skills but disagreements are likely to happen which can cause a problem for the business and the workers.

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