Partnership


	Partnership
	Advantages Between the partners, they may have a wide range of skills and knowledge Partners are able to raise greater amounts of capital than sole traders The pressure on owners is reduced as cover is available for holidays and decisions are made jointly	Disadvantages Control is shared among the owners Arguments are common among partners There is still an absolute shortage of capital - even 20 people can only raise so much Unlimited liability
	Evaluation

Between the partners, they may have a wide range of skills and knowledge
Partners are able to raise greater amounts of capital than sole traders
The pressure on owners is reduced as cover is available for holidays and decisions are made jointly

Control is shared among the owners
Arguments are common among partners
There is still an absolute shortage of capital - even 20 people can only raise so much
Unlimited liability

Get Revising