Partnership

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Partnership

Advantages

  • Different skills to offer
  • Low start up costs
  • More capital could be raised
  • Share workload and ideas
  • Partners share in decision making process
  • Debts are spread among partners
  • Financial affairs don't have to be published
  • Continuity

Disadvantages

  • Loss of autonomy
  • Conflict between partners
  • Unlimited liability
  • Lack of Capital in comparison to an LTD or PLC
  • Decision making will be slower
  • Profits have to be shared

Evaluation

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