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  • People to help with making the big decisions of the business.
  • More capital in the business.
  • Shares any debts of the business.
  • Partners can share their expertise and skills.
  • Borrowing opportunities will increase.
  • Their customer market will increase.


  • Disagreements between partners when making decisions for the business.
  • Profits have to be shared depending on their input on the business.
  • An individual cannot end the business unless it is the shared view of all the partners, a single partner would have to be brought out to leave the business.
  • Have unlimited Liability to the businesses debts.
  • Partners need to agree on the business decisions before they can be made.


Wen changing the type of the business it will depend on the views of the owner and the businesses finances.


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